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2000 (7) TMI 997 - HC - Income TaxExtract: .......d question is concerned, the decisions in CIT v. Swadeshi Cotton & Flour Mills (P.) Ltd. 1964 53 ITR 134 (SC) and Laxmi Devi Sugar Mills v. CIT 1993 200 ITR 6031 (SC) are squarely applicable. The question has to be answered in favour of the assessee and against the revenue by answering it in the affirmative. Reference is, accordingly, answered.
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