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1982 (10) TMI 71 - AT - Income TaxExtract: ....... this case, the ITO had after applying his mind and with due care and caution, came to a conclusion that on the facts of the case, addition of Rs. 50,000 would meet the ends of justice. This was not an assessment which could be called erroneous or prejudicial to the interest of revenue. The order made by the Commr. was cancelled. 7. Appeal allowed.
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