TMI BlogDepreciation on pipeline disallowed, no contractual liability for installation cost.Tribunal disallowed depreciation on pipeline as liability provided in books was mere contingent liability not representing installation cost. HC upheld, finding no contractual payment made to KPT or GMB under MOU. Proposal by appellant rejected. Tribunal's fact-finding upheld, no substantial question of law arises. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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