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1994 (1) TMI 122 - ITAT CHANDIGARHExtract: ....... observed, there is a debit balance at the end of the transactions. These factors do establish that these were genuine transactions of deposits and withdrawals. Therefore, we find that the cash credit stands duly proved by the assessee in its favour. Therefore, ground No. 2 does not succeed. 10. In the result, both the appeals stand partly allowed.
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