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2006 (12) TMI 562 - MADRAS HIGH COURTExtract: .......ed. 7. The above view was also taken by this Court in Commissioner of Income Tax v. Loyal Textile Mills Ltd., 2006 284 ITR 658. In view of the ratio laid down by this Court in the decisions cited supra, the substantial questions of law are answered in favour of the assessee and against the Revenue and accordingly, the appeal is dismissed. No costs.
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