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2008 (2) TMI 305 - HC - Income TaxAO made application u/s 154 for excluding the interest on deferred payment on purchase of machinery for the purposes of calculating the actual cost for computing allowable depreciation and investment allowable - Explanation 8 to Section 43(1) was inserted with retrospective effect to withdraw the depreciation and investment allowance – ITAT is right in holding the decision of CIT that issue was debatable in nature, so rectification was not permissible u/s 154
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