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2001 (7) TMI 64 - GUJARAT HIGH COURTExtract: .......wable under section 40(b) of the Act, even though they were partners as being karta of their respective Hindu undivided family in the partnership firm. The question referred to us is therefore answered in the affirmative, i.e., against the assessee and in favour of the Revenue. The reference stands disposed of accordingly with no order as to costs.
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