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2003 (8) TMI 540 - ITAT AGRAExtract: .......supra) and in view of the various decisions discussed therein, it would be evident that the transactions of the assessee-company were in the nature of loan and not hire purchase. 37. Thus, the appeal of the Revenue is allowed. 38. Consequently all the appeals preferred by the assessee-company are dismissed and the Revenue’s appeal is allowed.
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