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2015 (11) TMI 1379 - HC - Income TaxAdvance Licence Benefit Receivable - whether taxable in the year under consideration ? - Held that:- The issue raised herein stands concluded in favour of the appellant-assesee by virtue of the decision of the Supreme Court rendered in The Commissioner of Income Tax vs. M/s Excel Industries Ltd reported in (2013 (10) TMI 324 - SUPREME COURT). Accordingly, the Question as framed is answered in negative in favour of the appellant-assesee and against the revenue. Computation deduction u/s 801 and 801A - Held that:- Appellant very fairly states that the issue arising herein stand concluded against the appellant-assessee by the decision of this Court in Plastiblends India Ltd versus Addl.CIT [2009 (10) TMI 39 - BOMBAY HIGH COURT]. In the above view, Question No.2 is answered in the affirmative i.e in favour of the respondent-revenue and against the appellant-assessee. Depreciation on all block of assets - Held that:- Following the decision of the Gujarat High Court in the respondent-assessee's own case [2014 (11) TMI 940 - GUJARAT HIGH COURT ] the substantial question stands answered in the negative i.e.in favour of the appellant- assessee and against the revenue
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