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2001 (2) TMI 127 - HC - Income Tax
Extract:
.......hat assessee. In the result, we hold that the Assessing Officer was wrong in holding that the said sum of Rs. 50,000 advanced by the loan creditor was an undisclosed income of the assessee and consequently the Tribunal also committed error in upholding the decision of the Assessing Officer. In the result appeal is allowed. Y. R. MEENA J.---I agree.