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1956 (9) TMI 72 - MADRAS HIGH COURTExtract: ....... the liability to excess profits tax even with reference to that very year. There was, of course, also the future years to be taken into account in gathering what was the motive, the main purpose, of the assessee in bringing about the transactions in question, the two partnerships. We answer the question in the affirmative and against the assessee.
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