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1980 (8) TMI 73 - HC - Income Tax
Extract:
.......er and the ITO are set aside. Liberty is reserved to the ITO to call upon the petitioner to substantiate his assertion as to the source of Rs. 15,000 which he utilised as capital outlay in the year 1975, and to pass a fresh assessment order in accordance with law. Rule will accordingly issue and be made absolute. There will be no order as to costs.