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TaxTMI AI Drafter workflow from input facts to final legal draft Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

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2008 (2) TMI 916

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....ed for admission on consent of the learned counsel for the appellant the matter is taken up for hearing. Mr. Sanjay Lal, learned counsel for the Revenue, fairly stated that he has no objection. The present appeal preferred under s. 260A of the IT Act, 1961 is admitted on the following substantial questions of law : "(A) Whether in the facts and circumstances of the case, Tribunal was c....

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....er the issue and the assessee shall be entitled to depreciation @ 25 per cent. As far as question No. B is concerned it is fairly stated at the Bar that the controversy is covered by the decision rendered in Asstt. CIT vs. Central Hatcheries (P) Ltd. (MAIT No. 25/2006, decided on 7th May, 2007) wherein the appeal preferred by the Revenue was dismissed. In view of the aforesaid the interest char....