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1988 (11) TMI 68 - BOMBAY HIGH COURTExtract: .......ilised for the purpose has to be excluded and not the full amount of such credit ? Counsel are agreed that the question must be answered in the affirmative and in favour of the assessee having regard to the judgment of the Supreme Court in Vazir Sultan Tobacco Co. Ltd. v. CIT 1981 132 ITR 559 (SC). The question is so answered. No order as to costs.
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