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1981 (4) TMI 51 - HC - Income TaxExtract: .......will not be entitled to any deduction at all until and unless there is a positive share income from the firm. For the above reasons, we are of opinion that the view taken by the Tribunal in the present case wits correct. We, therefore, answer the question referred to us in the affirmative and in favour of the assessee. We make no order as to costs.
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