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2018 (8) TMI 924 - HC - Income TaxReopening of assessment u/s 147 - claim of deprecation u/s 32 while claiming exemption u/s 11 - double claim of deduction / eemption - Held that:- this writ petition is allowed and the impugned proceedings are set aside, since the impugned reopening was made only on the ground that depreciation claimed by the petitioner was not allowable, while the said question was answered against the Revenue in the above said ruling of the Supreme Court [2017 (12) TMI 1067 - SUPREME COURT] in respect of the Assessment Years prior to 2015-16. - Decided in favor of assessee.
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