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1997 (3) TMI 59 - HC - Income TaxExtract: .......the Act cannot be made applicable to the facts of this case. Therefore, the Tribunal was not correct in coming to the conclusion that the sales tax refund in the hands of the assessee is taxable under section 41(1) of the Income-tax Act, 1961. Accordingly, we answer the question referred to us in the negative and in favour of the assessee. No costs
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