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1931 (8) TMI 4 - HIGH COURT OF BOMBAYExtract: ....... the previous owner of the business. (2) Consequently in the present case the assessees are entitled to have the depreciation allowance under Section 10(2)(vi) of the said Act calculated on the original cost to them and not to the old company from whose liquidators they purchased the business. 4. No order as to costs. S.S. Rangnekar, J. 5. I agree.
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