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1933 (7) TMI 11 - HC - Income TaxExtract: .......imated depreciation in the value of the assets of the firm based upon a revaluation of such assets made for the purpose, and on the occasion, of the reconstitution of the firm. For these reasons, in my opinion, the answer to the question propounded is in the negative. Costs ten gold mohurs. DAS, J.--I agree. MYA BU, J.--I agree. Reference answered.
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