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1982 (10) TMI 9 - HC - Income TaxExtract: .......o the assessment year 1969-70 by letting out Vijaya Studios has to be assessed as business income and depreciation on the studios should be allowed. For the reasons stated earlier, our answers to the two question are in the affirmative and in favour of the assessee. The Department will pay the costs of the assessee. Counsel s fee Rs. 500 (one set).
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