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1996 (8) TMI 141 - AT - Income TaxExtract: .......is, in our view, is not the correct position of law. For the reasons mentioned above, we hold that the ld. CIT(A) was justified in disallowing a fair proportion of the depreciation in terms of section 38(2) of the Act. 12. In the result, while Income-tax Appeal No. 435/Chandi./91 is partly allowed, Income-tax Appeal No. 436/Chandi./91 is dismissed.
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