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1969 (11) TMI 5 - ALLAHABAD HIGH COURTAssessee had advanced a loan of Rs. 6,00,000 to Baraon Estate - assessee obtained a decree against Baraon Estate for a sum exceeding Rs. 6,00,000 on account of principal and interest - further sum of Rs. 89,687 which was received by the assessee was appropriated by the assessee towards principal - Income-tax Officer was bound to dispose of the matter on that basis
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