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2008 (2) TMI 328 - HC - Income TaxQuestion that “Whether tribunal was right in holding that addition is required to be made in hands of M.D. of company, not in hands of Company”?, is a question of fact, hence not answered - addition made by AO on account of unutilized contract receipts on ground that assessee had collected the amount fraudulently in the shape of labour welfare fund – amount in question which remained unspent at the end of the year was not assessee’s own money but a liability – hence additions are deleted
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