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1996 (12) TMI 131 - AT - Income TaxExtract: .......ommercial and accounting principles. 13. In the above view of the matter we hold that the unabsorbed depreciation of assessment year 1985-86 was eligible for carry forward as per section 32(2) of the Act. Accordingly, we confirm the order of the ld. CIT(A) for all the three years. 14. In the result, all the three departmental appeals are dismissed.
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