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1997 (2) TMI 43 - MADRAS HIGH COURTExtract: .......ube Co. Ltd. (No. 1) 1998 234 ITR 47, this court held that the assessee is not entitled to initial depreciation since the assessee was not manufacturing machinery, but only accessories of the machinery. In view of the foregoing decision of this court, we answer question No. 1 referred to us in the negative and in favour of the Department. No costs.
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