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1986 (9) TMI 43 - HC - Income Tax
Extract:
....... under section 56 of the Income-tax Act, 1961. Mr. Sharma, learned counsel for the assessee was unable to show any authority taking a contrary view nor was he able to show any error in the order of the learned Tribunal. In view of these circumstances, both the questions referred to above are answered in the affirmative and in favour of the Revenue.