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1982 (7) TMI 135 - AT - Income TaxExtract: .......revaluation of the assets and, therefore, the Explanation 1 to rule 2 would not apply to the said sum of Rs. 78,69,681. The exclusion of the said sum, while computing the capital of the assessee-company under rule 1 would not, in our opinion, be justified. We, accordingly, reverse the orders of the authorities below and allow the assessee s appeal.
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