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1981 (3) TMI 29 - HC - Income TaxExtract: .......h is deemed to be carried on by the operation of the Explanation to s. 41(2), then such depreciation could be set off against the income of the business. For the reasons aforesaid, we would answer the question, as reframed, in the negative and in favour of the assessee. The parties will pay and bear their own costs. SUDHINDRA MOHAN GUHA J.-I agree.
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