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2005 (4) TMI 52 - HC - Income Tax
Extract:
.......he account of Bank would amount to investment and section 69 would apply and not section 68. Reliance is placed on the decision of Gauhati High Court in the case of Anand Ram Raitani v. CIT 1997 223 ITR 544. 21. For the reasons stated above, both the questions are answered in the affirmative, i.e., in favour of the assessee and against the Revenue.