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1983 (3) TMI 106 - ITAT COCHINExtract: .......se it must be held that depreciation has been allowed only for the asst. yr. 1974-75 and, therefore, the withdrawal of depreciation contemplated u/s. 41 (2) should be confined only to the depreciation that is deemed to have been allowed for the asst. yr. 1974-75. The ITO is directed to modify the assessment accordingly. The appeal is party allowed.
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