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1972 (10) TMI 37 - ALLAHABAD HIGH COURT
Extract:
.......pinion that the Tribunal was not correct in deleting the amount of extra price payable for the purchase of sugarcane by the two mills in question as a deduction under the provisions of the Income-tax Act. For the reasons stated above we answer question No. 2 in the negative in favour of the assessee and against the department. No order as to costs.