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1 result for “depreciation”+ Section 32clear

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Section 322

COMMISSIONER OF INCOME TAX, KOLKATA vs. M/S. HOOGHLY MILLS CO. LTD

The appeal is allowed

C.A. No.-005149-005149 - 2006Supreme Court22 Nov 2006
For Respondent: M/s. Hoogly Mills Co. Ltd
Section 32Section 4(1)

depreciation is allowable on the same because Section 32 of the Income Tax Act states that depreciation is allowable only