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1978 (7) TMI 16 - BOMBAY HIGH COURTExtract: ....... be regarded as a company whose business consisted mainly in the dealing in or holding of investments within the meaning of cl. (i) of Expln. 2 to s. 23A of the 1922 Act or s. 104 of the 1961 Act. Accordingly, our answer to the question referred to us is in the negative and in favour of the assessee. The revenue shall pay the costs of the assessee.
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