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2003 (11) TMI 43 - PUNJAB AND HARYANA HIGH COURTReassessment notice – notice has been issued only in order to determine whether the vehicles which the petitioner claims, it is using in its "lease/rent" business, are actually under the ownership of the petitioner - Obviously, deduction on account of depreciation can be claimed only in respect of the vehicles and other consumer durables owned by the petitioner - From the material sought from the petitioner, the income-tax authorities would be able to determine the true factual position. Therefore, the impugned order does not suffer from any illegality
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