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2000 (12) TMI 30 - HC - Income TaxExtract: .......s of the apex court in Addl. CIT v. Akkamamba Textiles Ltd. 1997 227 ITR 464 and CIT v. Luxmi Devi Sugar Mills (P.) Ltd. 1991 188 ITR 41, respectively. Following the ratio, laid down in these two cases, our answer to both the questions is in the negative, in favour of the assessee and against the Revenue. Accordingly, this reference is disposed of.
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