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1977 (12) TMI 52 - ITAT GAUHATIExtract: .......ee and reversing the order of the AAC direct the ITO to allow the entire payments to the financiers and re-compute the income of the assessee accordingly. Since it is a case of a registered firm, the ITO is also authorised to amend the assessments of the partners accordingly. 14. The appeal is allowed in part as a ground was not argued and pressed.
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