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The assessee under consideration has one truck only and the same was being used for purpose of business hence depreciation should be allowed to the assessee - since the truck are not used for renting provisions of presumptive income U/s 44AE not applicable - Tri

Income Tax - The assessee under consideration has one truck only and the same was being used for purpose of business, hence depreciation should be allowed to the assessee - since the truck are not use .....

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