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1987 (4) TMI 67 - BOMBAY HIGH COURTExtract: .......of provision for taxation over the tax payable with reference to book profits in terms of Explanation II(ii)(e) to rule ID, the tax payable with reference to book profits cannot be reduced by the amount of advance tax paid. Accordingly, we answer the question of law referred to us in the negative and in favour of the assessee. No order as to costs.
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