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1999 (2) TMI 61 - BOMBAY HIGH COURT
Extract:
.......uarely covered by the decisions of the Supreme Court in State Bank of Travancore v. CIT 1986 158 ITR 102 and in Kerala Financial Corporation s case 1994 210 ITR 129. Accordingly, question No. 3 is answered in the negative, i.e., in favour of the Department and against the assessee. Reference stands disposed of accordingly with no order as to costs.