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1984 (7) TMI 10 - HC - Income TaxExtract: .......stant case, as we earlier observed, the buyer, instead of waiting to take actual delivery of the cotton, has accepted a total amount of Rs. 35,000 in full settlement of the contractual obligations. This case, therefore, clearly falls within section 43 (5) of the Act. In the result, we answer the question in the affirmative and against the assessee.
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