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1971 (11) TMI 19 - HC - Income TaxWhether the amount was liable to be taxed as deemed profit under section 10(2A) of the Indian Income-tax Act, 1922 - case of the assessee was that section 10(2A) of the Act had no application - sub-section (2A) of section 10 of the Act envisages an actual allowance or deduction and not a notional one and, in so far as there was no actual allowance or deduction in the assessment for any year in question, the sub-section shall have no application to the facts of the case
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