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1989 (9) TMI 97 - MADHYA PRADESH HIGH COURTExtract: .......e, the Tribunal was not justified in refusing the exemption under section 5 (1) (iv) of the Act in respect of the cinema building owned by the firm. Our answer to the question referred by the Tribunal is, therefore, in the negative and in favour of the assessee. In the circumstances of the case, parties shall bear their own costs of this reference.
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