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2008 (10) TMI 29 - DELHI HIGH COURTAdditions on account of unexplained share capital and alleged unexplained security deposits u/s 68 - disallowance of depreciation in respect of cast iron moulds and in respect of rolls which were machinery items – assessee had discharged the burden for establishing the identity of the shareholders as well as the genuineness of the transactions - hence additions has been rightly deleted by tribunal and depreciation has been rightly been allowed by tribunal – appeal by revenue is set aside
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