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1997 (8) TMI 18 - HC - Income TaxExtract: ....... in respect of things owned by the assessee and used for the purpose of deriving the agricultural income. As the assessee is not the owner of the car, as found by the Tribunal, the assessee is not entitled to claim any depreciation on the motor car. In the result, the revision petition is allowed in part. Parties should bear their respective costs.
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