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2018 (9) TMI 701 - ITAT CHENNAIDisallowance on a repayment of loan to Assessee’s namesake in, Bangalore - Held that:- Repayment done by the assessee was from its overdraft account and there was no use of any funds from its partner for such repayment. The addition was made on a wrong presumption by AO. The said addition in our opinion was rightly deleted by the ld. Commissioner of Income Tax (Appeals). - Decided against revenue
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