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1996 (6) TMI 108 - AT - Income TaxExtract: .......he view canvassed on behalf of the assessee. Therefore, we have no hesitation in directing the Assessing Officer to deduct surtax payable by the assessee and take surplus profit at Rs. 6,394 for purposes of section 104 of the Income-tax Act. The assessment be revised accordingly. 5. In the result, assessee s appeal is allowed in terms stated above.
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