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1981 (10) TMI 96 - ITAT MADRAS-AExtract: .......ital assets to stock-in-trade . The assessee is in a much stronger position because the amount of Rs. 5 lakhs was not only received as gifts but also as capital fund. Under the circumstances, we have to allow the appeal and delete the addition of Rs. 5 lakhs. 12. In the result, the appeal is allowed. Relief due Rs. 5 lakhs as reduction from income.
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