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1985 (7) TMI 29 - HC - Income TaxExtract: .......ur answer to the question referred is as under On the facts and in the circumstances of the case, the Tribunal was not justified in directing the Income-tax Officer to determine the amount of peak credit considering the sum of Rs. 34,000 alleged to be withdrawn from the bank as assessable in 1961-62. The reference is answered accordingly. No costs.
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