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2006 (6) TMI 493 - KERALA HIGH COURTExtract: ....... of sustaining the separate demand of tax on standard gold (bullion) in addition to the tax payable at compound rate but with direction to the assessing officer to modify tax liability at compound rate by excluding tax paid under section 5(1) on first sales of standard gold (bullion) in the previous year. Writ petitions are disposed of accordingly.
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