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2006 (5) TMI 440 - AT - Income TaxExtract: .......suffer on account of such depreciation in value of the asset. In our view, no such notional depreciation can be added to the actual cost of the assets. Therefore, we confirm the order of the learned Commissioner of Income-tax (Appeals) on this issue. In the result, the assessee rsquo s appeal stands partly allowed. Order pronounced on May 29, 2006.
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