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2007 (6) TMI 252 - AT - Income TaxExtract: ....... In the instant case the AO has not doubted the genuineness of the transactions and, therefore, in view of the decision of Hon ble Calcutta High Court in the case of Giridharilal, the AO should have allowed the deduction. 18. In view of the above, we delete additions of Rs. 1,73,631 and Rs. 2,66,550. 19. In the result, both the appeals are allowed.
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