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2003 (3) TMI 262 - AT - Income Tax
Extract:
....... any loans of Rs. 72 lakhs in cash from Shri Paras Ram Rohira and Shri Madnani, therefore, the question of investment of this amount in the construction business of the assessee does not arise. The addition made of Rs. 13,42,800 is, therefore, deleted. 71. In the result, the cross-appeals filed by the Department and the assessee are partly allowed.