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2008 (7) TMI 840 - ITAT MUMBAIExtract: .......he appeal in the case of Shri Masoomkhan, we direct that the addition on account of investment in purchase of power loom be deleted. Addition on account of rental income is determined in the manner as explained in the case of Shri Masoomkhan. In the result, all the appeals are partly allowed. The order has been pronounced on 16th Day of July, 2008.
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