Supreme Court of India
Udaipur Sahkari Upbokta Thok Bhander Ld. v. Commr.of Income Tax.
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What the Court ordered
We hold that the High Court was right in coming 2 to the conclusion that the assessee was storing the commodities in question in its godowns as part of its own trading stock, hence it was not entitled to claim deduction for such margin under Section 80P(2)(e) of the 1961 Act.
Judgment, page 25
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