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1978 (10) TMI 26 - ALLAHABAD HIGH COURT
Extract:
....... entries were not fictitious. Accordingly, we answer the question referred to us by holding that the cash credit entries standing in the names of the partners in the account books of the firm could validly be treated as the income of the firm from undisclosed sources. As no one appeared on behalf of the assessee, there will be no order as to costs.