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1980 (5) TMI 14 - CALCUTTA HIGH COURT
Extract:
.......this court in the case of A. P. V. Engineering Co. Ltd. v. CIT 1979 119 ITR 937 was concerned. In these lights, therefore, we are of the opinion that both the questions should be answered in the affirmative and in favour of the assessee, in the facts and circumstances of the case. There will be no order as to costs. SUDHINDRA MOHAN GUHA J.-I agree.