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2002 (10) TMI 31 - HC - Income Tax"Whether, on the facts and in the circumstances of the case, the Tribunal is right in law in holding that the assessee is a non-trading company and hence the rate of taxation is 55 per cent.?" - we hold that the view taken by the Tribunal is justifiable in law and there are no grounds or infirmities in the order warranting our interference. Accordingly, the question of law referred to us is answered in the affirmative, in favour of the assessee and against the Revenue.
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