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2002 (8) TMI 46 - MADRAS HIGH COURT"1. Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in law and had valid materials to hold that the sum of Rs. 1,46,950 claimed to be amount withheld by the Indian Railways for certain past damages and losses is an admissible deduction? - 2. Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was right in its conclusion that the amount of Rs. 1,46,950 actually represented amounts withheld and not realisable by the assessee and hence admissible as a deduction?" - we answer both the questions referred to us in the affirmative, against the Revenue and in favour of the assessee.
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