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1963 (11) TMI 61 - BOMBAY HIGH COURTExtract: .......therwise entitled to do so under law. The petition is allowed and the notice dated 10th January, 1962, and the orders of assessment and penalty dated 5th December, 1960, are quashed. The guarantee given by the Central Bank at the instance of the petitioners shall be cancelled. The respondents will pay the costs of the petitioners. Petition allowed.
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