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2003 (1) TMI 655 - AT - Income TaxExtract: .......ness. Admittedly, it was treated as business asset. The depreciation was allowed on the same. As such, it can be said that the helicopter was used for commercial purposes. It is therefore beyond the ken of wealth-tax. We direct the Assessing Officer to delete the addition made on this count. 12. In the result, appeals of the assessee stand allowed.
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