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1986 (2) TMI 20 - MADRAS HIGH COURTExtract: .......ection 4l(1) of the Income-tax Act, 1961. Accordingly, both the questions can be answered by giving one answer, that is, in the affirmative and in favour of the assessee. The questions are, therefore, answered in the affirmative and in favour of the assessee. The assessee will get the costs of this reference from the Revenue. Counsel s fee Rs. 500.
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