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2003 (2) TMI 163 - ITAT DELHI-AExtract: .......rted nor disproved by the learned Departmental Representative, we hold that provisions of Chapter XIV-B had no application at all. 17. The AO had utterly failed to show that the amount of 22,40,500 subscribed by various individuals was bogus capital of the appellant as observed by him. The addition is, therefore, deleted. 18. The appeal is allowed.
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