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1983 (8) TMI 101 - AT - Income TaxExtract: .......ness with all its contigencies of profits and losses. Therefore, the AAC was right in holding that there is no proximate connection between transfer of Rs. 10,000 by the assess to his daughter-in-law and her becoming a partner participating in the business of the firm and earning profit therefrom. 10. In the result, revenue s appeals are dismissed.
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