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1991 (3) TMI 129 - HC - Income TaxExtract: .......ndia 1985 155 ITR 120. In that view of the matter, it has to be held that, on the basis of the interpretation of the language used in section 80MM, the relief is to be allowed on the net income and not on the gross income. Accordingly, the question of law referred to us is answered in the negative and in favour of the Revenue. No order as to costs.
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