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1989 (3) TMI 109 - HC - Income TaxExtract: .......dy received by the assessee has to be deducted from the value of the assets while working out its written down value for purposes of depreciation. In terms thereof, this question is answered in the affirmative, in favour of the Revenue and against the assessee. This reference is disposed of accordingly. There will, however, be no order as to costs.
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