| http://www.w3.org/ns/prov#value | - s also undisputed that assessee was a leasing company and income derived from leasing of vehicles had been assessed as its business income. (iv) Section 32 imposes a twin requirement of 'ownership' and 'usage for business' for a successful claim of depreciation. (v) As long as asset is utilized for purpose of business of assessee, requirement of section 32 will stand satisfied, notwithstanding non
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