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1980 (7) TMI 127 - ITAT CHANDIGARHExtract: .......ted to allow the sundry creditors at Rs. 50,000. The net wealth of the assessee is reduced by Rs. 50,000 for the asst. yr. 1975-76 on this account also. By observing that any other decision than the one reached by the AAC would have been incorrect and wrong, we confirm his order on the above issue. 7. In the result, Revenue s appeals are dismissed.
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