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2007 (1) TMI 105 - RAJASTHAN HIGH COURT
Carried forward amount of the previous year doesn’t become an investment/cash credit generated during the relevant year 1993-94 – tribunal is justified in holding that there is no failure on the part of assessee in disclosing fully and truly all material facts necessary for the assessment in question - unexplained investment/cash appearing in accounts on the first day of previous year relevant to the assessment year 1993-94 was not taxable as income of the assessee for the said previous year