Revenue appeal dismissed by Bombay HC for 2006-07 depreciation, upholding cost of assets.

The Bombay HC dismissed the revenue's appeal for the assessment year 2006-07 on depreciation, upholding the cost of assets allowed as expenditure to the assessee. The appeal was dismissed without costs.

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The Bombay High Court dismissed the revenue's appeal for the assessment year 2006-07 regarding depreciation in respect of the cost of assets allowed to the assessee as expenditure, citing a previous decision. The appeal was dismissed with no order as to costs.

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