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1994 (11) TMI 97 - ORISSA HIGH COURTExtract: .......ndian firm and would be taxable as such. (ii) The computation of the same will have to be made under sub-section (1) of section 44BB and, therefore, only ten per cent. of the same would be deemed to be the profits of such business chargeable to tax and not the entire sum. These batch of references are answered accordingly. P. C. NAIK J. -- I agree.
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