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1998 (6) TMI 125 - AT - Income TaxExtract: .......l the order of the CIT(A) and direct the AO that the loss should be taken after including the depreciation and then rework out the profit in accordance with s. 115J and thereby allowed deduction out of the profit as per P and L a/c lower of the loss inclusive of depreciation or depreciation whichever is less. 6. In the result the appeal is allowed.
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