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2005 (7) TMI 571 - AT - Income TaxExtract: .......s year is only corollary to the allowance of 50 per cent in the preceding assessment year. Therefore, we direct that the depreciation to the extent of Rs. 22,44,853 may be allowed to the assessee in respect of the assets which were put to use during the preceding assessment year. 12. In the result, the assessee rsquo s appeal stands partly allowed.
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