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2009 (11) TMI 547 - HC - Income TaxSearch - Undisclosed income of Rs. 2213480 were found - The assessee made a statement that Rs. 5,43,000 was withdrawn from the Manacaud Tourist Home and Rs. 4,04,000 was withdrawn from the Manacaud Tourist Paradise - the theory of safe deposit of huge cash in the assessee' s house is unbelievable because the assessee maintains four bank accounts, details of which are available in the Tribunal's order - Appeal are allowed
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