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1987 (10) TMI 3 - MADHYA PRADESH HIGH COURTExtract: .......araswati Industrial Syndicate Ltd. s case 1982 136 ITR 758 (P and H), and our answer to the question referred to us is that, on the facts and in the circumstances of the case, the Tribunal was right in law in rejecting the assessee s claim of depreciation at the rate of 15 per cent. on the machinery in question. There shall be no order as to costs.
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