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1997 (11) TMI 122 - ITAT CHANDIGARHExtract: .......ng fully well the implications and it has been rightly argued by Id. D.R. before me that a statement made on oath carries sanctity and subsequent retraction should not be treated lightly. In the final analysis, I set aside the order passed by the DC(A) and restore the addition of Rs. 50,000 made by the ITO. 12. In the result, the appeal is allowed.
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