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1991 (10) TMI 117 - ITAT PUNEExtract: .......ship firm took place on 31-12-84 and the new partnership were constituted on 1-1-85. Therefore the action should have been taken by the ITO on or before 31-12-88 whereas it was in fact taken on 22-2-1990. We therefore hold that the action under section 155 was invalid and so the investment allowance could not be withdrawn. 10. The appeal is allowed
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