Court Rules Depreciation Claim Must Account for Forfeiture Reduction; Incorrect Citation Doesn't Invalidate Disallowance.

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....Depreciation - Determination of value / cost of assets - reduction of the value received by it in the form of forfeiture of amount in an earlier agreement for sale of asset - quoting a wrong section would not be fatal in making a correct disallowance - there is no reason why assessee’s claim of depreciation to the extent of entire amount of receipt should not be reduced.....