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1994 (4) TMI 51 - RAJASTHAN HIGH COURTExtract: .......er cannot be accepted looking to the facts and circumstances of the present case. The Income-tax Tribunal, therefore, was right in law in upholding the order of the Commissioner of Income-tax (Appeals) and in not cancelling the assessment. The reference is, therefore, answered in favour of the Revenue and against the assessee. No order as to costs.
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