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2003 (1) TMI 650 - ITAT AHMEDABADExtract: .......ration did not accrue in favour of the assessee nor it was received. No tax can be levied on an income which in fact has not materialised. We are therefore of the view that the addition of Rs. 45,000 made in this regard deserves to be deleted. The Assessing Officer is accordingly directed to delete the same. 5. In the result, the appeal is allowed.
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