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2009 (9) TMI 1001 - AT - Income TaxExtract: .......a loan was taken from Shri Rajiv Gupta and not given. In such situation, addition on account of unexplained investment cannot be made. Learned CIT(Appeals) has appreciated the facts and circumstances in right perspective and no addition is called for. Hence the appeal of the revenue is dismissed. Decision pronounced in the open court on 11.09.2009.
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