Bombay HC dismisses appeal on depreciation for barge not used in current assessment year

The Bombay HC dismissed the appeal on the availability of depreciation under Section 32 of the Income Tax Act for a barge not used in the subject assessment year but used in the previous year, citing precedent.

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The Bombay High Court dismissed the appeal regarding the availability of depreciation under Section 32 of the Income Tax Act for a barge not used in the subject assessment year but used in the previous year. The appeal was dismissed as the issue was already covered by previous court judgments.

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