Court Denies Further Depreciation on Imported Hummer Under Transfer of Residence Rules, Citing 70% Maximum Limit.

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....Valuation - import of used Hummer car under Transfer of Residence Rules - Valuation - import of used Hummer car under Transfer of Residence Rules - the plea is not acceptable as maximum allowable depreciation of 70% has been given, which is as per the Board Circular - AT....