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1981 (1) TMI 60 - HC - Income TaxExtract: .......e we are reversing the view of the Tribunal on the first question as well, the second question is not of much consequence, but anyhow we are supposed to answer both the questions. For the reasons recorded above, we answer both the questions in the negative, i.e., against the assessee and in favour of the revenue. There will be no order as to costs.
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