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1980 (6) TMI 76 - AT - Income TaxExtract: ....... In these circumstances and on the authority of the Andhra Pradesh High Court decision which applies squarely, we hold that the provisions of s. 41(2) could not be applied to the sale of the burnt motor and hence the addition of Rs. 5,000 was not proper in law. We direct that the same be deleted. 7. In the result both the appeals succeed partially.
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