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1997 (9) TMI 62 - ALLAHABAD HIGH COURTExtract: .......would be contrary to the scheme of the Act itself not to allow deductions before clubbing the income. We are in agreement with the view taken by the Karnataka High Court. Following the aforesaid decision of the Karnataka High Court, we answer the aforementioned question in the affirmative, that is, in favour of the assessee and against the Revenue.
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