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2000 (7) TMI 210 - AT - Income TaxExtract: .......0,000 only against the disallowance of expenses and the disallowance out of depreciation is retained. We find that the disallowance on expenses and depreciation is excessive and disallowance to the extent of 1/5th will meet the ends of justice. This ground of the assessee is partly allowed. 3. In the result appeal of the assessee is partly allowed.
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