TMI Blog2000 (12) TMI 4X X X X Extracts X X X X X X X X Extracts X X X X ..... nd Y. K. SABHARWAL. ORDER The question for consideration in this appeal by the assessee against the judgment and order of a Division Bench of the High Court at Madras reads (see [1997] 228 ITR 399, 401) thus : "Whether, on the facts and in the circumstances of the case, the petitioner is entitled to depreciation and/or development rebate as claimed in respect of the assessment years 1973- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... had acquired possession of the houses but the deed of conveyance was not executed until after the financial year in question. Even so, the assessee's claim for depreciation of the buildings, which it had used for the purpose of its business, was upheld on the basis that it had acquired dominion over the buildings. We will assume the correctness of the judgment but', on the facts found, it is not ..... X X X X Extracts X X X X X X X X Extracts X X X X
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