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1958 (3) TMI 88 - HC - Income TaxExtract: .......d also apply here because the assessment year with which we are concerned is 1948-49 and we are now in 1958. The result is, we must answer Question No. (1) In the affirmative. Question No. (2) In the affirmative. Question No. (3) Unnecessary in view of our decision on Question No. (2). Commissioner to pay three-fourth of the costs of the reference.
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