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2008 (11) TMI 423 - AT - Income TaxExtract: .......of this, we are of the opinion that the provisions of section 41(1) of the Act are attracted to the facts of this case and the amount of Rs. 21,09,745 written off by the assessee by clandestine means is to be treated as income of the assessee. Accordingly, the appeal of the Revenue is allowed. 5. In the result, the appeal of the Revenue is allowed.
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