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2006 (4) TMI 234 - AT - Income TaxExtract: .......see himself admitted that the vehicles are used for hiring. Once the deemed depreciation is allowed 40 per cent, the WDV is to be calculated on that basis only and that has rightly been done by the AO. In view of this, we allow the claim of the Revenue and the order of the CIT(A) is set aside. 6. In the result, the appeal of the Revenue is allowed.
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