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1996 (11) TMI 31 - MADRAS HIGH COURTExtract: ....... In T. C. Nos. 87 and 88 of 1984 in the case of the same assessee in the assessment years 1974-75 and 1977-78, this court by judgment dated October 9, 1995, held that the higher instalments paid due to exchange fluctuation is capital in nature. Accordingly, we answer the question referred to us in the affirmative and against the assessee. No costs.
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