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1988 (10) TMI 30 - HC - Income TaxExtract: .......loyee is concerned, the Madras High Court in CIT v. India Radiators Ltd. 1976 105 ITR 680, has taken an identical position. We do not think that the question deserves any elaborate discussion. Accordingly, we answer this question also in the affirmative and in favour of the assessee. The parties will, however, bear their own costs of the reference.
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