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1989 (6) TMI 23 - HC - Income TaxExtract: .......e to pay tax on such hypothetical income, when it is not the real income of the asses see and when it really was not reflected in the accounts of the assessee. For the reasons aforesaid, the question in this reference is answered in the negative and in favour of the assessee. There will be no order as to costs. BHAGABATI PRASAD BANERJEE J.-I agree.
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