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2002 (10) TMI 260 - AT - Income TaxExtract: .......ight of the aforementioned facts we are of the opinion that US 1,00,000 was justifiably treated as income for the assessment year 1987-88. The car having been transferred to the assessee in March 1990, it was rightly treated as income for the assessment year 1990-91. We accordingly uphold the orders of the authorities below and dismiss the appeals.
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