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1989 (6) TMI 8 - CALCUTTA HIGH COURTExtract: .......sessment proceedings. We are, therefore, of the view that the Tribunal is justified in holding that the assessee is entitled to exemption under section 5(1)(iv) of the Act. We, therefore, answer the question in this reference in the affirmative and in favour of the assessee. There will be no order as to costs. BHAGABATI PRASAD BANERJEE J. -I agree.
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