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1995 (6) TMI 91 - AT - Income TaxExtract: .......assessee-firm was a sham or that the partners of the assessee-firm were benamidars of M/s. Karimia Trust. It follows that the registration for the two years cannot be cancelled under section 186(1). We hold accordingly and direct that the two orders under section 186(1) be treated as cancelled. 45. In the result, the assessee s appeals are allowed.
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