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1962 (9) TMI 91 - HC - Income TaxExtract: .......case we are of the opinion that there was no material on which the finding of the taxing authorities that the firm was not genuine can be rested. For these reasons our answer to the question propounded is that the partnership deed dated 3rd February, 1949, is a genuine and not a sham transaction. The assessee shall have the costs of this reference.
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