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2009 (7) TMI 902 - AT - Income TaxExtract: .......annot be inferred that it was given to meet the cost of plant and machinery. Once, the sum of Rs. 86,02,061 waived by Wipro Finance Ltd. as OTS , cannot be related to purchase of plant and machinery, it cannot be reduced from the cost for the purposes of reducing allowable depreciation. 8. In the result, the appeal filed by the assessee is allowed.
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