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2012 (10) TMI 1045 - AT - Income TaxAddition u/s 69 - Held that:- There is no material to show that the assessee made investments, in such circumstances the question of offering a satisfactory explanation by the assessee does not arise for consideration. The revenue authorities have proceeded on a wrong premise in making the impugned addition. We therefore direct the addition sustained by the ld. CIT(A) be deleted. The appeal of the assessee is accordingly allowed.
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