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2006 (5) TMI 161 - AT - Income TaxExtract: .......able at 40 per cent, in the years under consideration, for the detailed reasons given by the tax authorities, there was justification in denying the claim of depreciation at 40 per cent on the impugned asset since the vans were not used in the business of plying on hire. 9. Under these circumstances, the appeals filed by the assessee are dismissed.
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