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1981 (12) TMI 60 - ITAT CHANDIGARHExtract: ....... a taxing statute, two reasonable views are possible, the one that favours the subject is to be adopted. Even on this principle, the claim of the assessee is admissible. 7. In view of what is stated above, we direct that the claim of the assessee for unabsorbed depreciation to the extent of Rs. 20,541 be accepted. 8. Appeal of the assessee allowed.
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