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1964 (11) TMI 116 - HC - Income TaxExtract: .......d us to hold that the imposition was to be an outgoing out of profits alone. In my view, the Appellate Tribunal came to the right conclusion in this case and the answer to the question framed should be in the affirmative and in favour of the assessee who will have the costs of this reference. MASUD J.--I agree. Question answered in the affirmative.
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