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2006 (12) TMI 129 - MADRAS HIGH COURTAllegation that assessee inflated purchase price of some goods – excessive payment - tribunal deleted the additions made by AO by upholding the order of CIT - finding of ITAT & CIT is not based on any judicious reasons - matter remitted to AO, with a direction to give an opportunity to the assessee to discharge his burden and satisfy the Revenue that the expenditure incurred by it in connection with purchase of blades and gear boxes from its sister concern is not excessive or unreasonable
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