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1991 (1) TMI 102 - KARNATAKA HIGH COURTExtract: .......n Mills case 1985 156 ITR 585 referred to earlier. Any practical buyer of a share would not ignore the company s liability on an actuarial basis. This principle is now fairly well established. For the reasons stated above, the answer to the question referred to us has to be in the affirmative and against the Revenue. Reference answered accordingly.
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