Bombay High Court: "Owning And Selling A Vintage Car Out of Pride And Not For Personal Use, Attracts Capital Gains Tax” High CourtHeadlines Bombay High Court: “Owning And Selling A Vintage Car Out of Pride And Not For Personal Use, Attracts Capital Gains Tax” The Bombay High Court held that a Vintage Car – 1931 Ford Tourer sold by a Mumbai taxpayer was not his personal effect and was taxable under capital gains. The Court said ownership or pride of possession does not amount to personal use. Share this: Share on X (Opens in new window) X Share on Facebook (Opens in new window) Facebook Like this:Like Loading... By Vaibhav Ojha 19 August 2025, 2:14 PM19 August 2025, 2:14 PM
