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1987 (3) TMI 67 - HC - Income TaxExtract: .......sections 49 and 55 of the said Act. The notional basis which is employed for the purposes of calculating the cost of acquisition for the purposes of a claim for depreciation has no application in the context of the computation of capital gains. In the result, we answer the question in the negative and in favour of the Revenue. No order as to costs.
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