Court Upholds Assessee's Claim for Depreciation on Vehicles, Confirms Lease as Operating Lease per CIT(A) Decision.

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....Claim for depreciation on the leased vehicles - the finding by the ld. CIT(A) of the character of the lease as an operating lease cannot, under the circumstances, be faulted, and the assessee, accordingly, entitled to it’s claim for depreciation on the leased vehicles - AT....