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2003 (10) TMI 257 - AT - Income TaxExtract: .......Revenue does not stand on a better footing than that of a creditor having regard to peculiar position of a partner in the affairs of the partnership. 15. For the aforesaid reasons, I hold that reassessment proceedings were illegal and are liable to be cancelled. These are hereby cancelled. 16. In the result, the appeals of the assessee are allowed.
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