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1955 (9) TMI 58 - HC - Income TaxExtract: .......e assessable profits of the assessee in the circumstances of this case. I would accordingly answer the question referred to the High Court against the Income-tax Department and in favour of the assessee. The Income-tax Department must pay the costs of this reference. Hearing fee ₹ 250. IMAM, J.--I agree. Reference answered in the affirmative.
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