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1997 (10) TMI 37 - HC - Income TaxExtract: .......epreciation. Similarly, if the owner is doing the business of giving his motor cars on hire as taxies, then also he will be entitled to get the depreciation to the extent of 50 per cent. Therefore, the view taken by the Tribunal appears to be well justified. We, therefore, answer both the questions in favour of the assessee and against the Revenue.
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