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2002 (12) TMI 4 - SC - Income TaxWhether the deductions which are permissible under the provisions of the Act can be considered to have been actually allowed when the assessee has been made liable to pay (tax on) 30 % of its book profits in terms of s. 115J - revenue's contention that deductions not been actually allowed as claimed by the appellant, the assessee would not have been liable to pay only the tax on the book profit but tax on the actual income, is acceptable - held that there is no notional but actual deduction
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