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2004 (2) TMI 47 - HC - Income Tax"1. Whether, Tribunal was right in holding that entire interest payable by the assessee in the instalments financed by the ICICI was liable to be added to the cost of machinery in the computation for depreciation and investment allowance? - 2. Whether Tribunal was right in holding that depreciation at 30 per cent. was allowable in respect of cost of diesel engine set for generating electricity?" - Both questions are answered in negative i.e., in favour of the Revenue and against the assessee.
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