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2005 (2) TMI 103 - HC - Income TaxExtract: .......foresaid decision, we are of the considered opinion that the Tribunal was not justified in directing the Assessing Officer to take the peak credit for the purposes of section 68 of the Act. We accordingly answer the question referred to us in the negative, i.e., in favour of the Revenue and against the assessee. There shall be no order as to costs.
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