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1965 (9) TMI 7 - ANDHRA PRADESH HIGH COURTValuation - balance-sheet itself would show that a depreciation allowance has been allowed before arriving at the net valuation of the assets -therefore, that after the deduction, the net value of the assets represents the market value of the assets as estimated by the assessee itself, and unless circumstances justify, the assessee cannot claim further depreciation as it is seeking to claim in this case
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