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1996 (8) TMI 535 - HC - Income TaxExtract: ....... writ petition is partly allowed with a direction to the respondents to refund ₹ 3,92,000/- to the petitioners out of total amount of ₹ 9,80,000/-forthwith subject to and without prejudice to their rights to show cause and explain before the Income Tax authorities that no part of ₹ 9,80,000/- is their undisclosed income. No costs.
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