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1997 (8) TMI 7 - SC - Income TaxClaim for deduction of refund of sales tax - Whether, on the facts and in the circumstances of the case, the Tribunal was justified in deleting the sum of Rs. 1,37,379 from the taxable trading receipt of the assessee for 1974-75 - held that Sales tax refund was a revenue receipt liable to tax u/s 41(1) - but deduction will be allowed when the same was refunded to the purchasers.
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