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1988 (3) TMI 48 - GUJARAT HIGH COURT
Extract:
.......36, the Full Bench of the Kerala High Court in A. V. Thomas and Co. Ltd. v. CIT 1986 159 ITR 431 and the Madras High Court in Sundaram Industries Ltd. v. CIT 1986 159 ITR 646. In the view which we are taking, we answer the questions referred to us in the affirmative and against the assessee. Reference answered accordingly with no order as to costs.