1988 (6) TMI 13

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..... deration before this court under section 256(2) of the Income-tax Act, 1961. It is stated by learned advocate for the petitioner that the said application was rejected. Learned advocate however wanted to distinguish this case relying on a decision of the Bombay High Court in the case of Richardson and Cruddas Ltd. v. CIT [1986] 162 ITR 753, where the Bombay High Court held that the excess in the p .....

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