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2006 (10) TMI 99 - HC - Income TaxBook profits - CIT(A) allowed the claim of the assessee holding that depreciation provided under the Companies Act was the minimum but there was no bar to higher depreciation being claimed by the assessee under IT Act and, thus, for purposes of Section 115-J of the Act, depreciation actually debited could be allowed - Tribunal upheld the said view - In view of judgment of SC, We, accordingly, answer the question against the revenue and in favour of the assessee – higher depreciation permissible
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