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1950 (1) TMI 17 - HC - Income TaxExtract: .......company in British India should be taken into account for the purpose of applying the test laid down in Section 4A(c)( b), and not merely that part of the profits which could be attributed to the operations carried on in British India. In other words, Section 42(3) of the Act has no application to the computation of profits under Section 4A(c)( b).
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