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1996 (1) TMI 150 - AT - Income TaxExtract: ....... cumulative facts go to show that money was not brought to Bombay and consequently the transaction was not genuine. We, therefore, reverse the order of the CIT(A) and restore the order of the ITO confirming the addition of Rs. 1.50 crores by considering the credits under appeal as assessee s income. Consequently, the Department s appeal is allowed.
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