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1988 (11) TMI 124 - ITAT BOMBAY-AExtract: .......ss carried on by the said M/s. Luna Consultants Pvt. Ltd., can be said to generate such money. We have to hold it likewise, i.e. it belongs to private limited company and not to the assessee-individual in person. 2. The addition made and sustained by the lower authorities on the above count stands deleted. 3. The appeal succeeds and stands allowed.
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