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1968 (8) TMI 11 - SC - Income TaxNotification No. 878-F - purpose of the Notification was to avoid double taxation by providing that if the amount has been assessed in the hands of the company the same should not be assessed over again in the hands of the assessee. There was nothing in the Notification to suggest that it was a condition precedent for getting the benefit of the Notification that the company should have expressly made a claim for deduction and that claim should have been expressly disallowed - exemption granted
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