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2010 (1) TMI 12 - HC - Income TaxDiversion of Funds - Income-tax Appellate Tribunal came to the definite conclusion that there was a diversion of funds which had been borrowed by the assessee from banks to the sister concerns, namely, Govan Industrial Corporation and Anilmaa Association, which were not covered within the scope of the commercial expediency or business exigencies of the assessee – Held that – no substantial question of law arises – it is a case of pure finding of facts – appeal dismissed.
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