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2013 (12) TMI 1541 - GUJARAT HIGH COURT
Addition made on account of unexplained cash credits under Section 68 - Held that:- When full particulars, inclusive of the confirmation with name, address and PAN Number, copy of the Income Tax Returns, balance sheet, profit and loss accounts and computation of the total income in respect of all the creditors/lender were furnished and when it has been found that the loans were received through cheques and the loan account were duly reflected in the balance sheet, the Assessing Officer was not justified in making the addition