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1998 (10) TMI 7 - ANDHRA PRADESH HIGH COURT
Extract:
.......applies. Otherwise not. On the facts of this case, no decision has yet been taken to set up a new business. On the other hand, the intention of the assessee is to utilise the surplus funds profitably and effectively. In the light of the above, we answer the questions in the affirmative and against the Revenue. The reference is answered accordingly.