Assessee company, engaged in business of leasing and finance, claimed depreciation on assets leased out by it. Tribunal held that the assessee was owner of leased assets as it had shown lease rent as its income and such leased assets in its balance sheet. Further, lessees also confirmed that they had not claimed depreciation on those assets and they were owned by assessee.  The assessee was to allowed depreciation on such leased assets. (AY. 2003-04)