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2009 (3) TMI 5 - HC - Income Tax
Unexplained deposits – sale of properties - ITAT has noted that declaration for purpose of capital account, in Form 2-B, has been made by assessee - since the transaction was through banking channels, ITAT deleted the additions - ITAT opined that the investments shown by the Assessee stand fully corroborated by documentary evidence - onus whether the Assessee had received more consideration than what was stated in the documents of transfer rested on the Revenue –additions were rightly deleted