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<h1>High Court rules in favor of assessee, affirming precedent.</h1> The High Court of Karnataka ruled in favor of the assessee, citing a previous court judgment and answering the question in the affirmative. - [1994] 206 ... Firm, Gift, Gift Tax The High Court of Karnataka delivered a judgment in favor of the assessee, stating that the issue was covered by a previous court judgment. The question was answered in the affirmative for the assessee. (Case citation: 1992 (2) TMI 8 - KARNATAKA High Court)
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