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2015 (4) TMI 1226 - ITAT PUNEDepreciation on Motor Cars - Rejection of claim on the ground that they are registered in the name of director of the company - Held that:- In view of the issue being settled in favour of the assessee by series of decisions in M/s Orbit Marketing Pvt. Ltd [2012 (10) TMI 1172 - ITAT MUMBAI] and Navjeevan Synthetics Pvt. Ltd. vs. ACIT [2013 (3) TMI 784 - ITAT MUMBAI] we reverse the order of the CIT(A) and direct the Assessing Officer to allow the assessee’s claim of depreciation on vehicles owned by the assessee company, which were registered in the name of the Directors of the assessee company. - Decided in favour of assessee.
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