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1961 (9) TMI 96 - HC - Income TaxExtract: .......ls Ltd. 's case (supra) and our answer to it is in the affirmative. The third question was not pressed and, therefore, no answer is necessary. The answer to the fourth question is that the depreciation "actually" allowed means the depreciation deducted in arriving at the taxable income. The assessee shall have costs of this reference.
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