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1979 (1) TMI 41 - BOMBAY HIGH COURTExtract: .......ered as follows The profits earned out of the transactions of Lal Mills with certain parties should be assessed in the hands of the HUF, of which Shri Ramchandra Lalbhai was the karta, for the assesssment year 1944-45, chargeable accounting period ending 31st March, 1944, and assessment year 1947-48. The assessee to pay the costs of this reference.
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