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1926 (4) TMI 1 - HC - Income TaxExtract: .......lling and the other is the business of letting out the mill for others to do so. Both, in my view, are equally a business, and my answer, therefore, to the reference would be that the company is entitled to a deduction for depreciation of the buildings, machinery and plant. Government will pay the assessees in each case ₹ 100 for their costs.
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