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2012 (7) TMI 1132 - ITAT AHMEDABADExtract: .......f depreciation on the vehicle was allowable to the assessee-company, and accordingly the disallowance of ₹ 50,260/- being depreciation on the car is deleted and the Ground No.1.1 of the assessee’s appeal is allowed. 5. In the result, the appeal of the assessee is allowed. Order pronounced in Open Court on the date mentioned hereinabove.
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