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2004 (9) TMI 318 - ITAT COCHINExtract: .......x payer has a motive to reduce his tax liability. It should not go beyond genuine tax planning. If the liability is brought to minimum by adopting one device, it cannot be held illegal only because if the assessee has not adopted that device he would have been liable to pay higher tax. 19. Appeal by the assessee for reasons stated above is allowed.
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