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1978 (8) TMI 10 - HC - Income TaxExtract: .......not capital for computing the capital of a company for the purposes of this Act. Mr. R. N. Bajoria, counsel for the assessee fairly and rightly submits that this case falls within the Explanation and, therefore, we answer the question in the affirmative and in favour of the revenue. There will be no order for costs. SUDHINDRA MOHAN GUHA J.-I agree.
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