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1977 (6) TMI 27 - MADRAS HIGH COURTExtract: .......Stumpp, Schuele and Somappa Private Ltd. 1977 106 ITR 399 (Kar). We may, however, state that we do not accept, with respect, the entire reasoning of the Karnataka High Court in coming to the conclusion drawn in that case. For these reasons we answer the question against the revenue. The assessee will be entitled to its costs. Counsel s fee Rs. 500.
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