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1960 (4) TMI 88 - HC - Income TaxExtract: .......en by the agreement dated the 7th April 1947 is issued. The proceedings for assessment taken by the Income Tax authorities in contravention of the said exemption are quashed. The petitioner-Company shall have costs of the petition. Counsel fee is fixed at ₹ 250/-. The outstanding amount of security deposit shall be refunded to the petitioner.
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