SUNDARAM INDUSTRIES LTD. versus COMMISSIONER OF INCOME-TAX
Indian Income Tax Act 1961 Business Expenses The use of assets at company sailing expenses is used for the personal purposes of the director, the evidence that the assets were not used for the personal purposes of the directors. Not that the motor car director was not used for maintenance costs personally. Under section 40 (c) of the Indian Income Tax Act, 1961, section 40 (c) provides for depreciation allowance on motor vehicles for the purpose of roofing.
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