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1991 (1) TMI 15 - HC - Income TaxExtract: ....... SIPCOT did not go to reduce the actual cost of the plant and machinery for allowing depreciation and development rebate is right in law ? In view of the recent decision of this court in Srinivas Industries v. CIT 1991 188 ITR 22, the question referred to us is answered in the affirmative and against the Revenue. There will be no order as to costs.
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