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1966 (11) TMI 7 - HC - Income TaxExtract: .......ts was one-seventh and not in the losses. For the reasons given above the question referred is answered in the affirmative and in favour of the assessee. The reference is answered accordingly. The department will pay the costs of the assessee which we assess at Rs. 250. Counsel s fee is also assessed at Rs. 250. Question answered in the affirmative
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