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2013 (7) TMI 229 - ALLAHABAD HIGH COURTDetermination of income u/s 44AC - Tribunal directed the AO to excluse 'Nirgam Mulya' from the purchase price - country liquor contractor - Held that:- provision of section 44AC do not dispense with the regular assessment in accordance with sections 28 to 43C of the Act. It has further been held that section 44AC is a valid piece of legislation and is in adjunct to and explanatory to section 206C of the Act. - questions raised by the Department are academic in nature as the income has been calculated as per sections 28 to 43 of the Act - Decided against Revenue.
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