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1979 (10) TMI 21 - MADRAS HIGH COURTExtract: .......he case, the difference between the depreciation allowed in the income-tax assessment and the depreciation provided in the books can be taken to be a reserve for the purposes of the Surtax Act? So, the second question is also answered in the negative and in favour of the revenue. In the circumstances of the case, there will be no order as to costs.
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