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1997 (7) TMI 14 - SC - Income TaxIn the present case where the capital asset is depreciable and the assessee has availed of deduction on account of depreciation, the cost of acquisition shall have to be determined in terms of the provisions of section 50 read with section 48 - Tribunal was justified in holding that the assessee did not have the right of substituting the market value as on January 1, 1954, in respect of the depreciable assets
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