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1987 (1) TMI 73 - ANDHRA PRADESH HIGH COURT
Extract:
.......of this conclusion, we think it is not necessary to consider the contention that section 40A(3) is not applicable for the payments made for the purchase of stock-in-trade. In the result, we decline to answer question No. 1. Question No. 2 is answered in favour of the assessee and against the Revenue. The reference is answered accordingly. No costs.