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1985 (11) TMI 42 - HC - Income TaxExtract: .......nal meant by this that all employees of the Mills were beneficiaries under the indenture. We answer the questions thus Question No. 1 In the negative. Question No. 2 In the affirmative and in favour of the assessees. Question No. 3 In the affirmative and in favour of the assessees. The Revenue shall pay to the assessees the costs of the references.
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