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1995 (11) TMI 78 - HC - Income TaxExtract: .......gn currencies held by it as balance in its foreign branches was an allowable deduction because the foreign currencies were its stock-in-trade. Accordingly, both the questions referred to us are answered in the affirmative and in favour of the assessee and against the Revenue. In the facts and circumstances of the case, we make no order as to costs.
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