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1977 (5) TMI 9 - HC - Income TaxExtract: .......ead with section 12(1B) of the said Act in the assessment year 1955-56. In the above view of the matter, the decision of the Tribunal cannot be supported. Therefore, our answer to the question referred is in the negative and in favour of the revenue. In the fac ts and circumstances of this case, we do not make any order as to costs. DEB J.-I agree.
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