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1984 (4) TMI 105 - ITAT CHANDIGARHExtract: .......) 177 (1973) 88 ITR 192 (SC). The Madras High Court is directly in favour of the assessee while Gujarat High Court supports the case of the Revenue. As such two plausible view are possible in the matter. In such circumstances, we adopt the view which is in favour of the assessee and allow the appeals. 6. In the result, both the appeals are allowed.
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