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2002 (11) TMI 741 - ITAT GAUHATIExtract: .......31 ITR 3081 (SC) and First Leasing Co. of India Ltd. v. Asstt. CIT 2001 250 ITR 1 (Chennai) (SB) (AT). In view of the above, we set aside the orders of both the lower authorities on this issue and direct the Assessing Officer to allow deduction of depreciation of Rs. 1,15,035 to the assessee. 4. In the result, the appeal of the assessee is allowed.
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