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2017 (11) TMI 1835 - AT - Income TaxDepreciation on goodwill - depreciation not been claimed in the return of income - HELD THAT:- On perusal of the above provision of Explanation 5 to Sec.32(1) it is clear that even if the assessee had not claimed any deduction in respect of depreciation in computing the total income, the deduction is allowable as per the provisions of S.32(1) . We, therefore, do not see any valid ground to interfere with the findings given by the Ld.CIT(Appeals). Hence, the departmental appeal is dismissed.
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