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1989 (9) TMI 10 - HC - Income TaxExtract: .......he purpose of computing the disallowance under section 40A(5) of the Income-tax Act, 1961 ? Counsel are agreed that the issue involved herein is covered by this court s decision in the case of CIT v. Mercantile Bank Limited 1988 169 ITR 44. In view thereof, we answer the questions in the negative and in favour of the assessee. No order as to costs.
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