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2010 (11) TMI 841 - AT - Income TaxExtract: .......12-12-2006 and 05-03- 2007 amounting to Rs.22,889/- and Rs.23,373/- purchased for the vehicle in the name of Director of the assessee-company. In view of the above facts, we are of the view that the lower authorities have erred in disallowance of depreciation. We allow the claim of the assessee. 5. In the result, assessee rsquo s appeal is allowed.
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