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1975 (8) TMI 24 - HC - Income TaxExtract: .......ation No. 421 of 1974 will stand allowed. Consequently, the 4th respondent will be entitled only to the balance, after meeting the income-tax liability of the company, to the tune of Rs. 10,853.55. In the above terms, Applications Nos. 461 and 462 of 1973 are ordered. In the peculiar circumstances of these applications, I make no order as to costs.
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