1988 (7) TMI 42

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....he Income-tax Act, 1961 (hereinafter referred to as "the Act"). The material facts giving rise to this application, briefly, are as follows The assessee filed a return for the assessment year 1975-76 showing a total income of Rs. 4,57,675. This return was subsequently revised by the assessee and the assessee claimed a deduction of Rs. 3,84,652 on account of expenditure in respect of "leave with....