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2006 (3) TMI 675 - ITAT MUMBAIExtract: .......y and not in what manner the society finally adjusted the sum in its books of account. As a result, we consider this sum as a necessary expenditure for transfer of flat and therefore, allowable under section 48 of the Income-tax Act, 1961. Accordingly, this ground of the assessee is allowed. 12. In the result, the appeal of the assessee is allowed.
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