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2011 (11) TMI 707 - AT - Income TaxExtract: .......view of the decision of Hon'ble Supreme Court in the case of CIT vs. Saravana Spinnings Mills P. Ltd., cited supra, the CIT (A) is justified in upholding the addition. Accordingly, the appeal of the assessee is dismissed. 5. In the result, the appeal of the assessee is dismissed. Order pronounced in open court on this 9th day of November, 2011.
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