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2008 (1) TMI 940 - HC - Income TaxExtract: ............ een shown any reason to hold that such share application money amounts to a loan or deposit. The C.I.T.(Appeals) and the Tribunal had also not accepted this contention of the department of treating the same to be loan or deposit. In the circumstances, this appeal is devoid of merit and is accordingly dismissed. Dated January 16, 2008
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