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1965 (9) TMI 52 - HC - Income Tax
Extract:
....... Prasanna v. Md. Fazal had a different problem and cannot apply. In our view the construction placed upon clause (ii) of Explanation 2 by the Tribunal was correct. Our answer to the question, therefore, would be in the affirmative. The Commissioner will pay to the respondent-company the costs of this reference. Question answered in the affirmative.