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1995 (12) TMI 394 - AAR - Income TaxExtract: ....... it is the prima facie view that is relevant under section 245R, the Authority is of the opinion that the purpose of investment in this manner can only be for the purpose of avoidance of income-tax. For the reasons discussed above, the Authority rejects the applications under clause (c) of the proviso to section 245R(2) of the Income-tax Act, 1961.
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