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1980 (8) TMI 77 - HC - Income TaxExtract: .......being the case, it was paid to the creditor who was not a partner of the firm. Under these circumstances, the conclusion of the Tribunal was correct. We, therefore, answer the question referred to us in the affirmative, that is, in favour of the assessee and against the revenue. The Commissioner will pay the costs of this reference to the assessee.
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