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1990 (9) TMI 14 - HC - Income TaxExtract: .......CIT v. Shantilal P. Ltd. 1983 144 ITR 57, as stated earlier, has approved the Calcutta High Court decision and the Mysore High Court decision and has overruled the Madras High Court decision. In the circumstances the answer to the question has to be in the affirmative and in favour of the assessee. The question is so answered. No order as to costs.
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