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2000 (6) TMI 156 - AT - Income TaxExtract: .......ng at the end of the year and there is increased liability on account of fluctuation in exchange rate. Therefore, the CIT was not justified in holding that assessee was not entitled to depreciation in respect of increased liability. Consequently, the order of CIT(Appeals) is, therefore, quashed. 13. In the result, appeal of the assessee is allowed.
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