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2007 (4) TMI 233 - BOMBAY HIGH COURTSearch – investment in bank deposits and NSCs - AO made additions on account of “interest in investments” and “unexplained investment” in silver u/s 69A - Assessee’s contention that the amounts invested were belonging to the individual and not to the assessee-HUF, is acceptable – since the interest income has been taxed in the hands of the individual and the investment in silver is also accounted for, the same cannot be taxed again in the hands of assessee-HUF – revenue appeal dismissed
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