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2000 (1) TMI 40 - CALCUTTA HIGH COURT
Extract:
.......der the Scheme. Therefore, it cannot be treated as part of the profits and gains derived from an industrial undertaking of the assessee. In view of the above discussions, we answer the question in the negative, that is, in favour of the Revenue and against the assessee. The reference application is, accordingly, disposed of. G. C. DE J.--- I agree.