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1992 (6) TMI 59 - AT - Income TaxExtract: .......hat the CIT is not justified in setting aside the assessment in respect of the deduction granted on account of retrenchment compensation of Rs. 1,22,900 paid to the employees in terms of the agreement to sell the cinema theatre. Accordingly, we set aside the order of the CIT and restore the order of the AO. 12. In the result, the appeal is allowed.
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