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2010 (1) TMI 54 - AT - Income Tax
Extract:
.......ara 16 of the draft order will not apply in relation to other years as the factual situation differs materially. In view of above discussion, the surplus is not chargeable to tax for asst. yrs. 1997-98, 1998-99, 1999-2000 and 2000-01. Accordingly grounds raised in this regard as tabulated above are allowed and are decided in favour of the assessee.