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1988 (9) TMI 38 - HC - Income TaxExtract: .......40(c) of the Act. The view we have taken is supported by the decision in the case of Addl. CIT v. Tarun Commercial Mills Ltd. 1978 113 ITR 745(Guj). For the reasons aforesaid, we answer the question referred to this court in this reference in the affirmative and in favour of the assessee. There will be no order as to costs. K. M. YUSUF J. -I agree.
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