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1978 (12) TMI 57 - ITAT BOMBAY-EExtract: ........ As a natural corollary, the addition of Rs. 4,000 by way of estimated interest on the aforesaid sum of Rs. 50,000 is not justified. Both the additions are, therefore, deleted. 5. In this view of the matter, it is not necessary for us to consider whether the proceedings re-opened under s. 147(a) were valid. 6. In the result, the appeal is allowed.
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