The Income Tax Appellate Tribunal ( ITAT ), Ahmedabad bench has held that the Company is eligible to get the deduction in respect of the vehicles registered in the name of its Director. The bench further clarified that the deduction is allowable for the car used for personal use of the Director of the Company […]
The post Vehicle registered in the name of Company Director Eligible for Deduction: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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