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2004 (4) TMI 276 - AT - Income TaxExtract: ........ yr. 1998-99. In the circumstances, we feel that the only rational and reasonable view which accords with equity and justice is that the assessee is entitled to deduction of Rs. 12,00,000 while computing book profit as per s. 115JB r/w Expln. (i). For these reasons, we reverse the finding of the learned CIT(A) and allow the appeal of the assessee.
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