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1998 (2) TMI 51 - MADRAS HIGH COURTExtract: .......the total effect of all the relevant facts and circumstances that determines the character of the transaction. We are entirely in agreement with that view. The questions referred for our decision are, therefore, answered in the affirmative, against the Revenue and in favour of the assessee. The assessee is entitled to costs in the sum of Rs. 1,000.
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