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1980 (6) TMI 53 - ITAT BOMBAY-DExtract: .......ts of the case and we are of the view that the assessee was the owner of the Jeep as he had purchased it and the insurance was also in his name. Registration has also been transferred in the assessee s name later on. Under these circumstances, it would not be correct to deny the claim for depreciation. The same is allowed. 7. The appeal is allowed.
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