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1995 (9) TMI 115 - AT - Income TaxExtract: .......irm, the credits cannot be assessed in the hands of the firm under s. 68 of the IT Act, 1961. Respectfully following the same and considering the facts of the case, we uphold the order of the CIT(A) in deleting the addition of Rs. 5,85,000. 25. In the result, the appeal of the Revenue is dismissed while the appeal of the assessee is partly allowed.
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