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1990 (9) TMI 42 - HC - Income TaxExtract: .......etition, the operation of the notification has not been stayed and, therefore, the assessee was liable to pay the tax and deduction was allowable in view of the decision of the Supreme Court in Kedarnath Jute Mfg. Co. Ltd. 1971 82 ITR 363. For the foregoing reasons, this petition is dismissed. There will be no order as to costs. Petition dismissed.
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