2003 (8) TMI 29

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....first question has been referred at the instance of the Revenue and the other question at the instance of the assessee. The question referred at the instance of the Revenue is as follows: "1. Whether, on the facts and in the circumstances of the case, the assessee in the accounting period relevant to the assessment order 197778 was a 'financial company' as defined in Explanation (c) to secti....