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1997 (9) TMI 86 - HC - Income TaxExtract: .......rooke Bond India Ltd. v. CIT 1992 193 ITR 390 and the Gujarat High Court in Testeels Ltd. v. CIT 1994 205 ITR 230. For the above reasons, we answer the question in the negative, that is, in favour of the Revenue and against the assessee. The reference is accordingly answered, but in the circumstances of the case there shall be no order as to costs.
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