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1993 (2) TMI 41 - BOMBAY HIGH COURTExtract: .......any out of the pale of section 23A. In our view, therefore, the Tribunal has rightly come to the conclusion that applying condition (iii) to companies which fall in categories (a), (b) and (c) of condition (i) would lead to absurd results. Question No. 2, therefore, is answered in the affirmative and in favour of the assessee. No order as to costs.
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