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2005 (1) TMI 72 - HC - Income TaxComputing the capital employed - "Whether Tribunal erred in law in affirming the order of the Commissioner of Income-tax (Appeals)/Appellate Assistant Commissioner holding that deductions allowed under section 80G falling under Chapter VI-A could not be considered as sums 'not includible' in the total income for income-tax assessments and, therefore, would not fall for deduction under rule 4 of the Second Schedule to the Companies (Profits) Surtax Act, 1964 for the purpose of computing the capital employed?" - question referred by the Tribunal is answered against the Revenue and in favour of the assessee.
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