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2008 (9) TMI 940 - KARNATAKA HIGH COURTExtract: .......o inturn had confirmed the order passed by the Assessing Officer insofar as it relates to sale of jewellery to M/s. Mahalaxmi jewellery is set aside and the matter is remitted to the Income tax Officer, Ward Noo. 1(3), Hubli, for fresh consideration of the case in accordance with law in the light of the observation made in the body of the judgment.
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