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1995 (1) TMI 28 - HC - Income TaxExtract: .......emit the case back to the Tribunal on the issue to find out whether the firm is genuine or not or whether the capital contribution made by the assessee to its firm is merely a device to reduce the tax. Therefore, following the decision of the apex court, we answer the question in favour of the assessee and against the Revenue. No order as to costs.
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