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1971 (9) TMI 57 - CALCUTTA HIGH COURTA question of law relating to the construction of section 58K(2) of the Indian Income-tax Act, 1922, arises for consideration in this reference – Two Banks amalgamated with Bank C the provident fund accounts of the first two banks were closed and the funds were distributed among the employees under orders of court - whether the third bank is entitled to claim the payments as expenditure u/s10(2)(xv) r.w.s. 58K(2) Indian Income-tax Act, 1922
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