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1994 (12) TMI 65 - HC - Income TaxExtract: .......uction is not allowable. Accordingly, we answer the question posed by holding that the Tribunal was not justified in holding that the claim of deduction under section 80C was available though there was no nexus of the investment with the income chargeable to tax shown by the assessee. The answer is in favour of the Revenue and against the assessee.
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