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1993 (8) TMI 100 - ITAT BOMBAY-B
Extract:
.......th the seller. From all these facts on record, a reasonable and convincing inference which can be drawn is that the appellant purchased the textile goods, sold them and adjusted the same towards the loan taken by it. Therefore, the assessee is entitled to get the entire deduction. 15. In the result, the appellant succeeds and the appeal is allowed.