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1996 (7) TMI 108 - HC - Income TaxExtract: .......cing the loss. We therefore find that the provision is compensatory in nature and it is enacted for the purpose of checking evasion of tax. We are of the opinion that there is no illegality in section 143(1A)(a)(B) of the Act of 1961. The petition has no merit. It is accordingly dismissed. Security amount, if any, may be refunded to the petitioner.
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