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2005 (10) TMI 420 - ITAT DELHIExtract: .......ated profits of the company as envisaged in section 2(22)(e ) of the Act. Thus, the provisions of section 2(22)( e) are inapplicable to the amount of Rs. 15 lakhs in the hands of the assessee before us. As a result, we set aside the order of the CIT (A) and direct the Assessing Officer to delete the addition. Appeal of the assessee is thus allowed.
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