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1979 (1) TMI 33 - BOMBAY HIGH COURTExtract: .......ts and in the circumstances of the case, the Tribunal was justified in cancelling the assessment of Rs. 40,000 for 1960-61 ? In the view that we have taken of the facts and circumstances arising in the reference, the question is answered in the affirmative and in favour of the assessee. Parties will, however, bear their own costs of this reference.
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