Court rules against department's 50% depreciation restriction, appellant's appeal disposed of.

The Bombay High Court held that the department cannot restrict depreciation to 50% on assets. The appellant's appeal was disposed of, and the argument on Section 14A of the Act was not considered as it was not raised before the tribunal.

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The High Court Bombay High Court ruled that the department cannot allow only 50% depreciation on assets, and the appellant's appeal was disposed of. The argument regarding Section 14A of the Act could not be raised as it was not argued before the tribunal.

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