Depreciation Allowed on Revalued Assets as AO Doesn't Dispute Valuation; Explanation-3, Section 43 Not Applicable.

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....Succession of the firm - revaluation of assets - claim of depreciation - AO has not disputed the valuation adopted by the assessee, this rules out the applicability of Explanation-3 to Sec. 43 - depreciation on revalued assets allowed - AT....