1960 (8) TMI 89

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..... nt. JUDGMENT KHOSLA, C. J.--In these two cases (Income-tax Cases Nos. 4 and 5 of 1957), after hearing counsel for parties, we are satisfied that no question of law arises, and if the point, which has been formulated by the Commissioner of Income-tax, is to be regarded indeed, as a question of law, then the question is well settled by authority. Some of the shareholders of the assessee-com .....

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