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2008 (2) TMI 321 - HC - Income TaxBlock of assets - additions made by treating the difference between the S.P. of entire machinery installed at unit no.1 of the factory of the respondent company & the W.D.V. of the said machinery by invoking Sec. 41(2) - there was addition as well as sale but the Plant and Machinery as a whole remained in existence – Sec. 32(1) were rightly made applicable and the depreciation had been correctly claimed on the W.D.V. merged after making the adjustment of addition & sale in the block of assets
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