1996 (6) TMI 2

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..... common question for the assessment years 1975-76 and 1976-77 for the opinion of this court under section 256(1) of the Income-tax Act, 1961 : "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in holding that the expenditure incurred on credit guarantee to ensure payment of the loan taken to discharge the estate duty liability in respect of the estate .....

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