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1954 (2) TMI 13 - HC - Income TaxExtract: .......uestion is in the negative and the second part is in the affirmative, that is, in our view, the assessee is entitled to claim depreciation on the basis of actual cost minus the depreciation allowance actually allowed under the Hyderabad Income-tax Act. We answer the reference accordingly with costs to the respondent, which we assess at ₹ 100.
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