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In the result, appeal filed by the learned assessing officer is dismissed
Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm
43(1) of the Act. The learned CIT (A) held that provisions of Section 43A of the Act cannot be invoked in the case of the assets are acquired from India. It is applicable only in case of assets acquired from outside India. Hence, the disallowance of depreciation was deleted. The learned Departmental Representative supported the order of the learned