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2013 (7) TMI 972 - HC - Income TaxComputation of undisclosed income u/s. 153A/153C - whether confined only to the material found during the course of search proceedings? - Held that:- In our opinion, the aforesaid question is very vague, as the undisclosed income shall be computed always on the basis of the material, which is found during the course of search. No material, which was disclosed at the time of regular assessment or block assessment period, can be relied on to arrive at the undisclosed income.
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