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1989 (6) TMI 14 - CALCUTTA HIGH COURTExtract: .......he Tribunal was justified in law in holding that depreciation amounting to Rs. 24,703 is not admissible as expenditure in working out the deficiency under section 44A of the Income-tax Act, 1961 ? We answer the reframed question in the negative and in favour of the assessee. There will be no order as to costs. BHAGABATI PRASAD BANERJEE J. -I agree.
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