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1993 (11) TMI 81 - ITAT BANGALOREExtract: .......to the lower rate of depreciation at 33 1/3 per cent only and not to the higher rate of depreciation at 50 per cent. We therefore reverse the decision of the DCIT (Appeals) and restore that of the ITO and direct that depreciation be allowed on the buses at the lower rate only as mentioned above. 8. In the result, the departmental appeal is allowed.
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