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2003 (11) TMI 90

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....l of Entry dated 22-1-1996. The Assessing Authority held that the machinery in question has been used since 1968 and as per chartered engineer's certificate the machinery is found to have satisfactory useful residual life of at least 10 years and giving maximum depreciation of 70% held that certificate issued by the chartered engineer should be held to be correct and admissible, as the basis for t....