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2006 (3) TMI 559 - AT - Income TaxExtract: .......members and the company has not earned any income by way of transfer of the right to use the property to its allottee members. Therefore, there is no reason to make an estimated addition of Rs. 57,33,358 towards the profit from the business of the assessee-company. It is, therefore, deleted. 11. In the result, the appeal of the assessee is allowed.
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