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1983 (8) TMI 49 - HC - Income TaxExtract: ....... judgment, was right in holding that the unabsorbed depreciation allowance of Rs. 39,543 for the assessment year 1972-73 cannot be allowed to be adjusted while computing the income of the assessee-firm for the year 1973-74. We accordingly answer the question in the affirmative and against the assessee. The parties will pay and bear their own costs.
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