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1989 (9) TMI 53 - BOMBAY HIGH COURTExtract: ....... capital of the company should not be reduced in proportion to the deduction allowed under Chapter VI-A, viz.. under section 80-1 of the Income-tax Act, 1961 ? Having regard to the judgment in CIT v. Century Spg. and Mfg. Co. Ltd. 1978 111 ITR 6 (Bom), this question is answered in the affirmative and in favour of the assessee. No order as to costs.
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