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1987 (2) TMI 5 - KARNATAKA HIGH COURTExtract: .......e matter is covered by the pronouncement of this court in CIT v. Bangalore Turf Club Ltd. 1984 150 ITR 23. Following the said pronouncement, the question referred requires to be answered in the affirmative and against the Revenue. Reference disposed of accordingly. No costs. Sri Sarangam is permitted to file his vakalat for the respondent-assessee.
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