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1992 (7) TMI 18 - KARNATAKA HIGH COURTExtract: .......on Bench decision of this court in CIT v. Bangalore Turf Club Ltd. 1984 150 ITR 23. Following the said decision, the third question is answered in the affirmative and against the Revenue. The Revenue is at liberty to mention for the posting of the matter in so far as the first question is concerned after the disposal of I. T. R. C. No. 111 of 1987.
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