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39 Seth Motilal Manekchand v. CIT [1957] 31 ITR 735 (Bom.), Ratilal B. Daftari v. CIT [1959] 36 ITR 18 (Bom.), Murlidhar Himatsingka v. CIT [1966] 62 ITR 323 (SC) and CIT v. Travancore Sugars & Chemicals Ltd. [1973] 88 ITR (SC).

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