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1987 (3) TMI 65 - BOMBAY HIGH COURTExtract: .......isions of section 271(1)(i) of the Income-tax Act, 1961. The paragraph extracted above from this court s judgment in the case of N.G.K. Electrical Industries 1987 163 ITR 513, sets out, in our view, the correct position. Accordingly, the question is answered in the affirmative and in favour of the Revenue. No order as to the costs of the reference.
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