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1988 (12) TMI 50 - PUNJAB AND HARYANA HIGH COURTExtract: .......m the firm of Saboo Industries to the hands of the individual family members ? The matter here is squarely covered by our decision in Income-tax Reference No. 159 of 1980 (CIT v. Varinder Kumar 1989 180 ITR 180)), decided on December 1, 1988. The reference is, accordingly, answered in the negative, in favour of the assessee and against the Revenue.
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