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1989 (10) TMI 73 - ITAT AHMEDABAD-AExtract: ........ 5 lakhs would be paid straight to the vendor instead of being paid through the assessee. The assessee, therefore, paid Rs. 5 lakhs to the vendor by not receiving that amount from the assignee. The claim, therefore, that the assessee did not incur any cost in unfounded. For the above reasons we confirm the order of the CIT and dismiss this appeal.
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