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1995 (12) TMI 53 - HC - Income TaxExtract: .......ed to the assessee. On the same facts, the assessee is also entitled to the benefit under section 32(1)(iv) of the Act, i.e., initial depreciation on such buildings. In this view of the matter, we are of the opinion that the view taken by the Tribunal is not correct. Hence, the reference is decided in favour of the assessee and against the Revenue.
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