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1957 (9) TMI 93 - HIGH COURT OF BOMBAYExtract: .......lowances can neither in accountancy nor as understood by commercial men ever exceed the original cost to the assessee of the asset in respect of which depreciation has been granted. 6. The result, therefore is that our answer to the question referred to us will be in the negative. 7. Assessee to pay the costs. 8. Reference answered in the negative.
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