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1988 (8) TMI 51 - HC - Income TaxExtract: .......al cost of the asset as defined by section 43(1) of the Act for the purpose of calculating the depreciation admissible to the assessee. Consequently, our answer to the question referred to this court by the Tribunal is in the affirmative and against the Revenue. In the circumstances of the case, parties shall bear their own costs of this reference.
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