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1978 (12) TMI 62 - ITAT HYDERABAD-AExtract: .......ss or procuring capital to one of the partners of the main firm and also to share the profits and losses accrued to or received by him . These observations squarely apply to the facts of the present case. In view of the decision of the Andhra pradesh High Court the appeals filed by the Department must fail. 3. In the result, the same are dismissed.
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