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1990 (9) TMI 61 - HC - Income TaxExtract: .......sions of the Delhi, Andhra Pradesh and Karnataka High Courts in preference to the decision of the Kerala High Court. On a reading of section 47 (iii), we are of the opinion that the Tribunal was right in doing so. Accordingly, the second question is also answered in the affirmative, i.e., in favour of the assessee and against the Revenue. No costs.
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