2008 (7) TMI 997

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.... ORDER P.C. : Heard the learned Counsel for the Appellant and the learned Counsel for the Respondent. 2. The above Appeal is admitted on the following three substantial questions of law :- (a). Whether the assessee is entitled to depreciation of Rs. 1,79,50,000/- on shunt capacitors purchased from and thereafter leased to, Rajasthan State Electricity Board (RSEB) by the assesse....