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1940 (9) TMI 22 - HC - Income TaxExtract: .......where there had been a discontinuance of the business. We are concerned with a case where the same business has been carried on by one of the partners, and carried on without any break. In such a case the section which is applicable is Section 26 (2) and not Section 44. For the reasons indicated we answered the question referred in the affirmative.
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