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1993 (8) TMI 5 - HC - Income Tax

The High Court of Bombay ruled in favor of the assessee, stating that trucks under repair but previously and subsequently used for business are still eligible for depreciation deduction. The court found that the trucks were considered to be in use for business purposes despite being under repair. The judgment was delivered by Judge D. R. Dhanuka.

 

 

 

 

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