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    <title>CIT Incorrectly Bars Current Year&#039;s Depreciation Set Off Against Capital Gains, Skips Sections 70, 71, and 32(2) Analysis.</title>
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    <description>There is no need to discuss provisions of sections 70, 71 &amp; 32(2) elaborately as the CIT erred in coming to the conclusion that current year&#039;s depreciation cannot be allowed to be set off against capital gains. - AT</description>
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      <description>There is no need to discuss provisions of sections 70, 71 &amp; 32(2) elaborately as the CIT erred in coming to the conclusion that current year&#039;s depreciation cannot be allowed to be set off against capital gains. - AT</description>
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