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1993 (7) TMI 40 - HC - Income TaxExtract: .......in Explanation 2(b) of section 40A(5). This view has been taken by a number of decisions of this court, e.g., Indian Leaf Tobacco Development Co. Ltd. v. CIT 1982 137 ITR 827. Following the said decision, we answer the fourth question in the affirmative and in favour of the assessee. There will be no order as to costs. SHYAMAL KUMAR SEN J.-I agree.
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