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1969 (1) TMI 19 - HC - Income TaxExtract: .......e given to it for the purposes of allotment. My answer to the second question, therefore, is in the affirmative and in favour of the assessee subject to the correction that the sum of Rs. 6,20,000 will be read as Rs. 6,00,000. In the circumstances, I leave the parties to bear their own costs. JAGJIT SINGH J.-I agree. Reference answered accordingly.
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