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1988 (6) TMI 46 - HC - Income TaxExtract: .......of the assets to the assessee and depreciation should be allowed without reducing the same by the amount of subsidy granted. We are in respectful agreement with the view taken by the learned judges of the Andhra Pradesh High Court. In that view of the matter, the question of law referred is answered in the affirmative and in favour of the assessee.
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