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1988 (12) TMI 12 - BOMBAY HIGH COURTExtract: .......justment in that regard would be justified on account of subsequent events. The Tribunal, in our view, correctly drew support in this regard from the Supreme Court s decision in Shekhawati General Traders Ltd. s case 1971 82 ITR 788. Accordingly, both the questions are answered in the affirmative and in favour of the assessee. No order as to costs.
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