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2010 (4) TMI 101 - HC - Income TaxReassessment u/s 147 – validity thereof – 100% deprecation on bottles – held that - The bottles involved in the present case were used for less than 180 days and, therefore, only 50% depreciation was allowable in the year in question. - Consequently, although we have not formed any substantial question of law for consideration inasmuch as the issues stand settled, in view of the fact that the said bottles were used for less than 180 days, only 50% depreciation would be allowable and to this extent, the Tribunal’s order stands modified
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