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2008 (1) TMI 3 - HIGH COURT OF DELHIClaim of depreciation is not dependent on the actual use or the asset put to use. It is sufficient if it is used for business. In case AO did not agree with the Assessee, it does not mean that the Assessee had furnished inaccurate particulars. Penalty u/s 271(1)(c) is not imposable.
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