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2001 (8) TMI 12 - SC - Income TaxNon-resident banking company - Whether on a correct interpretation of section 40A(5) and rule 3(c), the Tribunal was justified in law in holding that the value of the free car provided to the employees for the purpose of working out the disallowance in the case of the employer, i.e., the assessee-company should be the same as prescribed by rule 3(c) in the case of the employee - Held, no - revenue's appeal is allowed
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