2007 (7) TMI 672

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..... JJ. Mrs. P.L. Bansal for the Petitioner. JUDGMENT 1. In this reference under section 256(1) of the Income-tax Act, 1961 the following question of law has been referred for our opinion : .....

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..... . Chemicals Ltd. [1994] 210 ITR 8301, the question is required to be answered in the affirmative, in favour of the assessee and against the revenue. 3. The reference is disposed of accordingly - .....

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