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1988 (4) TMI 27 - GUJARAT HIGH COURTExtract: .......must be held that the interpretation which is placed on section 47(vii) of the Act by the Tribunal is not correct and that the assessee is not entitled to the exemption under section 47(vii). We, therefore, answer the question which is referred to us in the negative and against the assessee. Reference answered accordingly with no order as to costs.
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