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1975 (12) TMI 35 - HC - Income TaxExtract: .......e steamship company held by the assessee would constitute fixed assets in the hands of the assessee within the meaning of Explanation 2(iv)(a) of section 23A of the Indian Income-tax Act, 1922, and accordingly we answer the question referred to us in the affirmative and in favour of the assessee. There will be no order as to costs. DEB J.--I agree.
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