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2005 (1) TMI 713 - HC - Income TaxExtract: .......ion of the Andhra Pradesh High Court in Akkamba Textiles Ltd.’s case (supra) stands affirmed by the Supreme Court, as the appeal against the same has been dismissed in Addl. CIT v. Akkamamba Textiles Ltd. 1997 227 ITR 464. 6. In view of the above, we answer the question in the negative, i.e., in favour of the Revenue and against the assessee.
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