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2001 (1) TMI 40 - HC - Income TaxExtract: .......al has taken note of this factual aspect. In view of the decision of the apex court in Kedarnath Jute Mfg . Co. Ltd. v. CIT 1971 82 ITR 363, the view taken by the Tribunal is irreversible. Accordingly, we answer the question referred in the affirmative, in favour of the assessee and against the Revenue. The reference stands disposed of accordingly.
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