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1980 (2) TMI 167 - AT - Income TaxExtract: .......s appeal assumes importance for the purposes of priority of set off and allowance or deduction and if the depreciation for the current year is not deducted the assessee is entitled to claim the set off of the earlier loss or other allowance which may lapse as there is some time limit for claim of its set off, 6. In the result the appeal is allowed.
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