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1980 (5) TMI 59 - ITAT DELHI-CExtract: .......Ganga Metal Refining Co. Pvt. Ltd. vs. CIT (1963) 87 ITR 627 (AP). 3. We have heard the parties and considered the matter. It is well settled that where two views are possible, one which favours the subject has to be preferred. We accordingly uphold the action of the AAC and reject the Department s appeal. 4. In the result, the appeal is dismissed.
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