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1991 (2) TMI 101 - BOMBAY HIGH COURTExtract: .......he amendment of section 34(3)(a) by the Finance Act, 1990, with retrospective effect from April 1, 1962, the legal position is clearly in favour of the assessee and against the Revenue. Accordingly, the Tribunal s order cannot be sustained. The questions are, accordingly, answered in the negative and in favour of the assessee. No order as to costs.
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