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1988 (4) TMI 123 - ITAT HYDERABAD-BExtract: .......oner on the basis of absence on entries for withdrawal of the amount as on 29th Aug., 1981 from M/s K. Nagavendra Rao and Others should fail in the light of the figures furnished before the ITO in the course of the assessment proceedings. Thus, on merits we hold that no case is made out against the assessee. 13. In the result the appeal is allowed.
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