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Deduction for initial depreciation

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..... of any article or thing; (b) the asset is a new asset forming part of the class of assets 'Machinery and Plant' in the Fifteenth Schedule; (c) the asset was not used either within or outside India by any other person before its installation by the person; (d) the asset is not installed in any office premises or any residential accommodation, including accommodation in the natu .....

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