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1995 (4) TMI 21 - HC - Income TaxExtract: .......ost thereof under section 43(1) of the Income-tax Act, 1961, for the purpose of allowing depreciation, etc. Accordingly, the reference is answered in favour of the assessee and against the Revenue. The first question, therefore, is answered in favour of the Revenue and the second question is answered in favour of the assessee. No order as to costs.
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