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2012 (10) TMI 1172 - AT - Income TaxDisallowance the depreciation on motor car registered in the name of the director - Held that:- The assessee is entitled to depreciation on the cars as though they are named in the name of director were to be used for the business of the assessee and not for personal use. Accordingly, we, while deleting the disallowance made by the A.O. and enhancement made by the ld. CIT(A) in this regard, allow the claim of the assessee.
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