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2005 (6) TMI 209 - AT - Income TaxExtract: ....... Act but also where succession is as per section 170 of the Act. Clearly, in this case, the firm is entitled to depreciation for the number of days the assets were used by it. We accordingly do not find any reason to dislodge the finding of the learned CIT(A). In the result, the appeal of assessee is partly allowed and that of revenue is dismissed.
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