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1982 (12) TMI 3 - HC - Income TaxExtract: .......not an admissible deduction in computing the total income for the assessment year 1964-65 ? In view of the judgment of the Supreme Court in the case of Mahalaxmi Textile Mills Co. Ltd. v. CIT 1980 123 ITR 429, the question is answered in the negative and in favour of the assessee. There will be, however, no order as to costs. R. N. PYNE J.-I agree.
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