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1992 (2) TMI 35 - ALLAHABAD HIGH COURTExtract: .......the liabilities are taken into account, there was still sufficient surplus to advance the loan of Rs. 1 lakh to be correct. No other point has been argued in this reference. We accordingly, answer the question in the affirmative, in favour of the Revenue and against the assessee. The Revenue will be entitled to its costs which we assess at Rs. 250.
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