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1987 (11) TMI 147 - ITAT MADRAS-CExtract: .......it is not possible to ignore the transaction and add back the income attributable to the properties which are no longer the properties of the assessee. In the circumstances, we set aside the orders of the authorities below and remit the matter back to the ITO for making a fresh assessment in accordance with law. 3. The appeal is treated as allowed.
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