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2000 (8) TMI 7 - SC - Income TaxAssessee, was an undertaking of the State Government engaged in the business of generation and supply of electricity - assessee was entitled to payment of the market value of its undertaking taken over or purchased under the provisions of the Indian Electricity Act, 1910 and such market value, in the event of difference or dispute about it was to be determined by arbitration - held that Income had accrued to the assessee u/s 41(2) in the assessment year 1970-71.
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