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1996 (8) TMI 71 - ANDHRA PRADESH HIGH COURTExtract: ........ From the above discussion, it follows that the assessee was the owner of the trucks as it satisfied both the requirements of section 32 and was entitled to depreciation on the trucks. We, therefore, answer the question of law in the affirmative, i.e., in favour of the assessee and against the Revenue. The reference cases are accordingly answered.
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