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2000 (12) TMI 896 - AT - Income TaxExtract: .......ts have to be valued only at market value. 21. For these reasons, we hold that the assessee-firm is (i) not liable to any capital gains tax either under s. 45(1) or s. 45(4) and (ii) is eligible for depreciation on the assets held till 7th Nov., 1995, as the conditions laid down in s. 43(6)(c)(i)(B) have not been violated. 22. The appal is allowed.
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