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1926 (11) TMI 1 - HC - Income TaxExtract: .......be Answer Question No. 1 in the affirmative Questions Nos. 2 and 3 in the negative and Question No. 4 by holding that the loans in question were not genuine loans but were merely withdrawals of income disguised as loans. The assessee is to pay the costs of this Reference to bo taxed as on the Original Side, such costs to be taxed by Taxing-Officer.
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