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2009 (3) TMI 65 - HC - Income TaxAssessee-company took over the assets & liabilities of another company – AO made addition on basis that claim of deduction of duty paid by said company had been disallowed - assessee company claiming deduction of the purchase price paid for the stock acquired on amalgamation - Tribunal was justified in deleting additions by holding that an amount allowed as deduction u/s 43B to the amalgamating sister concern would not be liable to be included in hands of successor amalgamating company
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