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1994 (11) TMI 118 - HC - Income TaxExtract: .......ourt. Consequently, our answer to the question formulated by us would be in favour of the Revenue and against the assessee and we hold that the Tribunal was not justified in allowing depreciation on the building of Draupadi Talkies and Draupadi Ice Factory on the assumption that the assessee was the beneficial owner thereof. P. C. NAIK J.--I agree.
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