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1983 (8) TMI 93 - AT - Income TaxExtract: .......r Explanation 2 he has to take the higher of the two, viz., Rs. 30,000 to be the perquisite value of the property, This he has done. The AAC has, therefore, erred in interfering with the same on a wrong understanding of the law. The order of the AAC is reversed and the order of the ITO is restored. The appeal filed by the revenue is hereby allowed.
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