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1981 (9) TMI 65 - HC - Income Tax
Extract:
....... totally misunderstood the ratio of the decision of this court in Calico Dyeing s case 1958 34 ITR 265. Accordingly, the question referred to us is answered as follows In our opinion, the Tribunal was right in allowing the deduction of Rs. 21,117. The answer is accordingly in favour of the assessee. Parties to bear their own costs of the reference.