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2011 (7) TMI 1265 - HC - Income TaxExtract: .......ommissioner of Incometax reported in (2008) 304 ITR 61(SC). 15. In the result, it is held that assessee would be entitled to normal rate of depreciation and not higher rate of depreciation at 40 . Question is accordingly answered in favour of Revenue. To the extent above, Tribunal's order stand reversed. Tax Appeals are disposed of accordingly.
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