2017 (9) TMI 1697

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..... nts to the creditors have been made by the Assessee in the subsequent years - Held that:- The fact remains that the explanation offered by the Assessee regarding repayment to the creditors in subsequent years was accepted by the Revenue. Therefore the Court is not inclined to examine the question as urged. Nevertheless, the question is left open for consideration in an appropriate case.
S. Mura .....

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