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2004 (9) TMI 330 - ITAT JAIPUR
Extract:
.......Third Member, by his order dated 13th September, 2004, has concurred with the view of the ld. Accountant Member, who has rightly shown that it had no profit for purposes of section 115J of the Income-tax Act. 3. Therefore, in accordance with the majority view, the issue is decided in favour of the assessee and the appeal of the assessee is allowed.