Held that the vehicle was registered in the name of the director did not make any difference, inasmuch as the registration under the Motor Vehicles Act, 1988 was not conclusive evidence of the ownership of the vehicle. The term “ownership” under the 1988 Act was different from the ownership as envisaged under the provisions of section 32 of the Income-tax Act, 1961. There is no requirement under the provisions of section 32 of the Income-tax Act that in order to avail of depreciation, an assessee should be the registered owner of the vehicle.  The assessee was entitled to depreciation under section 32 of the Act and the Assessing Officer was directed to delete the additions on account of disallowance of depreciation on car and interest paid on car loan. (AY. 2012-13)