1991 (11) TMI 22

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Income Tax
Firm
Judge(s) : R. K. GULATI., OM PRAKASH JUDGMENT Heard learned counsel for the applicant. In our opinion, question No. 5 as stated by the applicant in this application is a s .....

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..... ntity on the credit balance as undisputedly appearing in their account to the extent of Rs. 51,920 represented payments made to the partners and as such the sum of Rs. 51,920 was disallowable under se .....

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