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2002 (12) TMI 48 - HC - Income Tax"1. Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in holding that the value of the work-in-progress has to be treated as part of the capital employed for the purpose of relief under section 80J of Income-tax Act, 1961?" - "2. Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in holding that the deduction under section 80-O of the Act should be calculated on the gross fees received by the assessee-company?" - The reference is accordingly disposed of, by answering both the questions in the affirmative that is in favour of the assessee and against the Revenue
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