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1999 (6) TMI 25 - HC - Income TaxExtract: .......on that the assessee who uses his vehicles on hire, is entitled to 40 per cent. depreciation allowance and if the vehicles are used for running his own business then he is not entitled to 40 per cent. depreciation allowance, Therefore, question No. (1) is answered in favour of the Revenue and against the assessee. Reference is answered accordingly.
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