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2001 (8) TMI 97 - HC - Income TaxExtract: .......of the matter, the second condition is not fulfilled and, therefore, the depreciation under clause (iv) of section 32(1) of the Act is not admissible. In view of the foregoing discussions, we answer the question referred to us, in the negative, i.e., in favour of the Revenue and against the assessee. However, the parties shall bear their own costs.
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