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1975 (12) TMI 67 - MADRAS HIGH COURTExtract: .......s he was a partner of the firm. The Appellate Assistant Commissioner and the Tribunal were, therefore, right in holding that the depreciation was allowable in the individual assessment of the assessee. We, accordingly, answer the reference in the affirmative and against the revenue. The assessee will be entitled to his costs. Counsel s fee Rs. 250.
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