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2003 (1) TMI 62 - HC - Income Tax
"Whether, on the facts and in the circumstances of the case, the Income tax Appellate Tribunal was justified in law in deleting the addition of Rs. 12,50,000 made by the Assessing Officer under section 40(A)(2)(b) of the Income-tax Act, 1961 ?" - We, accordingly, set aside the order of the Tribunal as well as the order passed by the Commissioner of Income-tax (Appeals) and the original assessment order and restore the matter to the file of the Assessing Officer with a direction to pass appropriate assessment order pertaining to disallowance under section 40A(2)(b) of the Income-tax Act, in accordance with law