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2020 (2) TMI 841 - HC - Income TaxDisallowance of depreciation - HELD THAT:- We admit this appeal on the first question of law as proposed, but with little modification - “Whether the Appellate Tribunal has erred in law and on facts in upholding the decision of the CIT (A) in deleting the addition of the amount of disallowance of depreciation of ₹ 20,58,80,087/- for acquiring the license of application software?” Disallowance of interest expense - HELD THAT:- Tribunal has placed reliance on the decision of the Supreme Court in the case of CORE HEALTH CARE LTD. [2008 (2) TMI 8 - SUPREME COURT] has taken the view that the interest paid in respect of the borrowings for acquisition of capital assets is allowable under Section 36(1)(iii) of the Act regardless of the fact that the capital assets acquired were not put to use in the concerned financial year in question. We dismiss this appeal so far as the second question of law, as proposed by the Revenue,
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