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1998 (11) TMI 117 - HC - Income Tax
Extract:
.......rt, appears to be inconsistent with the decision of the Supreme Court in Distributors (Baroda) P. Ltd. v. Union of India 1985 155 ITR 120. For the reasons set out above, we answer the question referred to us in the negative, i.e., in favour of the Revenue and against the assessee. This reference is disposed of accordingly with no order as to costs.