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2002 (9) TMI 45 - MADRAS HIGH COURT"whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal is right in holding that the applicant would not be eligible for deduction under section 35(1)(iv) of the Income-tax Act, 1961, in relation to the two sums of ₹ 5,87,044 and ₹ 5,16,853 in view of the same having been claimed under section 35(2B) and in spite of the same having been disallowed under the said section. We, answer the question referred to us in favour of the Revenue and against the assessee.
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