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2004 (8) TMI 323 - ITAT BOMBAY-G
Extract:
.......mount of Rs. 2,33,31,427 was received by the assessee-company from M/s Silvasa Estates (P) Ltd. in pursuance of the memorandum of understanding arrived at between them on 9th Feb., 1997, as a deposit and not as a loan or an advance. 21. For the above discussion, the appeal of the assessee deserves to succeed. 22. Resultantly, the appeal is allowed.