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2012 (9) TMI 1203 - ITAT CHENNAIExtract: .......e submissions of the assessee in respect of receipt of ₹ 3487.18 lakhs was pointed out by the CIT. We, therefore, cancel the order of the CIT passed u/s 263 of the Act on 29.3.2012 and allow the appeal of the assessee. 9. In the result, the appeal of the assessee is allowed. Order pronounced on Friday, the 28th of September, 2012, at Chennai.
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