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69 CIT v. Fertilizers & Chemicals (Travancore) Ltd. [1987] 34 Taxman 346 (Ker.) and CIT v. Balwantrai Jethalal Vaidya [1958] 34 ITR 187 (Bom.) & C.R. Nagappa v. CIT [1969] 73 ITR 626(SC).

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