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2005 (7) TMI 67 - HC - Income TaxDepreciation on vehicle - Tribunal disallowing the claim of depreciation – assessee contend that the dominion in respect of the vehicle was with the appellant-company and the law was settled that the non-registration of vehicle in the name of the assessee, was not a bar for the purposes of claiming depreciation - No records were produced by the assessee to show that the utility of the vehicle was in the normal course for the benefit of the company. In fact, as per the findings recorded by the Tribunal, even beneficial ownership also does not vest in the assessee-company. We see no reason to disturb the concurrent view taken by the authorities. The question proposed by the appellant thus cannot be stated to be a substantial question of law arising from the order of the Tribunal – Assessee’s appeal dismissed
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