HC allows depreciation on assets as assessee was found to be owner of assets leased out on hire basi

IT : Where assessee claimed depreciation in respect of two trucks stating that trucks had been purchased by him and they had been given on hire to two transport companies and Tribunal on basis of material on record held that assessee was owner of trucks and he had let out same on hire and he did receive hire charges and accordingly accepted assessee's claim for depreciation, in peculiar facts of case Tribunal was justified in allowing depreciation