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2004 (8) TMI 355 - AT - Income TaxExtract: ....... the managing council was specific or not was a highly debatable issue. The AO and CIT(A) were not justified in resorting to the provisions of s. 154 of the Act on the issue which was debatable. Accordingly, the order passed by the AO and upheld by the learned CIT(A) is cancelled. 10. In the result, the appeals directed by the assessee are allowed.
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