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1988 (7) TMI 109 - ITAT HYDERABAD-AExtract: .......he income does not arise to the trustee in the capacity as a partner then it would not be covered and the department cannot utilise this Explanation. 11. For these reasons, we will hold that the assessee is entitled to the exclusion of Rs. 7,000 credited to the loan account. The rest of the additions are confirmed. 12. The appeal is partly allowed.
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