2011 (3) TMI 1614

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Full Text of the Document

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....essee is directed against the order dated 7.6.2010 of CIT(A) for the assessment year 2007-08. The only dispute raised by the assessee in this appeal is regarding allowability of depreciation on stock exchange card. The assessee had claimed depreciation of ₹ 51,85,031/- on stock exchange card @ 25%. The AO disallowed the claim of depreciation following the judgment of Hon'ble High Court o....