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2003 (9) TMI 310 - ITAT DELHI-FExtract: .......cause the amount of so-called rent payable suggests a story otherwise. In these circumstances, we are constrained to hold that the CIT(A) is justified in concluding that this transaction is sham and the assessee is not entitled for depreciation as claimed. 17. In the result, the appeal of the assessee stands dismissed and of the Revenue is allowed.
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