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2011 (9) TMI 82 - HC - Income TaxUnexplained investment made towards working capital - GP rate of 10.35% - The Assessing Officer has made addition of Rs. 71,07,100/- on account of working capital required for attaining sale of Rs.1,11,99,427/- by taking into consideration the secured loan, unsecured loans and capital of the partners - Held that:- The Tribunal has reduced the addition of Rs.71,07,100/- to Rs.20,00,000/- keeping in view the sales made outside the books of accounts - The extension of such benefit does not raise any substantial question of law as such benefit has been extended in the facts of the case - Still further, the Revenue’s appeal against such addition stands dismissed and the assessee has chosen to file the present appeal after the decision in appeal of revenue. - It is not a bona-fide appeal as well. - Appeal dismissed.
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