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2010 (10) TMI 1042 - HC - Income TaxExtract: .......clause. The presumption drawn by the Tribunal is wrong. Therefore, the ITA Nos. 1111/2006 and 1112/2006 deserves to be allowed, consequently, ITA Nos. 578/2007 and 579/2007 also deserve to be allowed. Accordingly, all the four appeals are allowed. The substantial questions of law raised in all the four appeals are answered in favour of the revenue.
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