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1975 (11) TMI 61 - ITAT HYDERABAD-AExtract: .......on of Rs. 6,500 sustained by the AAC. We see no reason in not accepting the theory of intangible addition raised by the learned counsel and deleting the addition of Rs. 6,500. We order the deletion of the amount accordingly. It logically follows that the interest levied cannot also be sustained. 4. In the result, the appeal succeeds and is allowed.
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