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2012 (1) TMI 238 - AT - Income TaxExtract: .......of excess claim of depreciation to the extent of ₹ 36,39,773/-. 3. Following our order in the case of assessee which was formerly Chirash Associates P. Ltd., we hold the ld CIT(A) was justified in directing the A.O. to allow depreciation. In the result the appeal of revenue is dismissed. 4. The order is pronounced in open court on 13.01.2012.
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