1999 (4) TMI 7

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..... Sharma and S. K. Dwivedi, Advocates) For the Respondent : Sunil K. Mukhi , P. C. Jain and M. S. Dahiya, Advocates JUDGMENT Leave granted. In the present case, the assessee had deposited money to open a letter of credit for the purchase of the machinery required for setting up its plant in terms of the assessee's agreement with the supplier. It was on the money so deposited that s....