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1998 (4) TMI 34 - MADRAS HIGH COURTExtract: .......the assessee was not entitled to depreciation as per the amended law. The view of the Tribunal that because the assessment proceedings are pending, the amended law will apply is not sustainable in law. Accordingly, we answer the question referred to us in the negative and in favour of the Revenue. The Revenue shall be entitled to a cost of Rs. 750.
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