TMI Blog1986 (4) TMI 121X X X X Extracts X X X X X X X X Extracts X X X X ..... ich was not used during the previous year." 2. The assessee is a registered firm. It derives income, inter alia, from transportation by trucks. During the year under consideration it had claimed depreciation on the trucks owned by it including truck No. MBR-2054. The registration of the said truck was granted on the last day of the financial year. Depreciation amounting to Rs. 92,300 was claimed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd the assessee had earned income by plying the truck in question during the year under consideration,. In that connection he has produced the copy of a voucher dt.31st March, 1982. It shows that certain amount was spent by the assessee on that day in connection with the said truck. That voucher is insufficient to suggest that any income was derived by the assessee from the truck in question durin ..... X X X X Extracts X X X X X X X X Extracts X X X X
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