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Hira Lal Ram Dayal vs Commissioner Of Income-Tax on 7 May, 1974

He contended that an agreement which is cancelled, abandoned or amended cannot be relied upon. In fact, CIT (A) in the impugned order had admitted that original agreement was abandoned. There was thus no question of giving effect to said agreement to hold that it was partly performed to attract application of section 2(47) (v) of the Act. Shri Aggarwal also cited and relied upon decision of Honble Punjab and Haryana High Court in the case of Hira Lal Ram Dayal v. CIT [1980] 122 ITR 461.
Punjab-Haryana High Court Cites 7 - Cited by 16 - Full Document
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