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1991 (3) TMI 127 - BOMBAY HIGH COURTExtract: .......ssessee that the liabilities were bogus or that they represented the assessee s own moneys. In the above view of the matter, we are satisfied that the provisions of section 18(1)(c) are not applicable in this case. Accordingly, we agree with the Tribunal and answer the question in the affirmative and in favour of the assessee. No order as to costs.
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