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1999 (9) TMI 982 - HC - Income TaxExtract: .......ce with the provisions of the Act. This view has been expressed by the Apex Court in Tuticorin Alkali Chemicals & Fertilizers Ltd. v. CIT 1997 227 ITR 172/ 93 Taxman 502. That being the position, the question referred has to be answered in the negative, in favour of the revenue and against the assessee. The reference is disposed of accordingly.
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