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1990 (7) TMI 45 - HC - Income Tax
Extract:
.......tention. The Delhi High Court has in CIT v. Mahabir Parshad and Sons 1980 125 ITR 165, of course, taken a liberal view. But, as stated earlier, the view taken by our High Court is different. In the circumstances, following our court s decisions, we answer the third question also in the affirmative and in favour of the Revenue. No order as to costs.