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1995 (4) TMI 116 - ITAT MADRAS-B
Extract:
.......hat we do not consider it necessary to notice the Bombay case of Protos Engineer Co. P. Ltd. because on facts that decision turned on the provisions of section 28(iv) of the Act. In the case before us, however, the provisions of section 41(1) are clearly applicable. 44. In the result, the assessee s appeal is partly allowed for statistical purposes