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2013 (12) TMI 545 - HC - Income TaxUndisclosed income - Gifts from NRI relatives - Held that:- The gifts received have been disclosedin the original return of income furnished u/s 139(1) - The search was made subsequent to such filing of return in which no incriminating evidence of undisclosed income was assessed - The Assessing Authority was wrong in concluding that the amounts shown as gift in the return constitute undisclosed income - Decided against Revenue.
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