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1 result for “depreciation”+ Section 32(1)clear

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Key Topics

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)

Section 32(1)(ii). Hence, we fail to see how depreciation can be allowed on the same. In fact, depreciation