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1995 (2) TMI 148 - AT - Income TaxExtract: .......T v. Foresole Ltd 1985 153 ITR 349 relied upon by the assessee. 18. The matter will now go back to the file of the A.O. who is directed to recompute the income for the concerned assessment years in accordance with our observations and directions given herein. 19. In the end, the assessee s appeals are partly allowed subject to the directions given.
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