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1996 (7) TMI 169 - AT - Income TaxExtract: .......those of losses of the partners can be determined. Hence, the decision of the Karnataka High Court as above would squarely apply to the present case. We, therefore, uphold the judgment of the CIT(A) in considering the assessee-firm to be a genuine one and in granting registration to it. 11. In the result, all the departmental appeals are dismissed.
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