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1977 (12) TMI 54 - ITAT HYDERABAD-BExtract: ......., we hold that the assessee would be entitled for depreciation on lorry No. APA 4923 as the same was used at least for two days during the accounting year, i.e., on 30th and 31st Marcy, 1974 for the purpose of business carried on by the assessee. The ITO is directed to allow depreciation on the said vehicle. 6. In the result, the appeal is allowed.
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