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2010 (1) TMI 856 - AT - Income TaxUnexplained sales - Held that:- assessee has disclosed the source from which the money has been received by him, purchaser firm had purchased granite blocks from the assessee, assessee had disclosed source from where the assessee had obtained the loan; and the capacity of the creditor to lend the loan and its source - the AO was not justified in treating the entire loan amount of Rs.7781699/- as unaccounted sales and added the same to the total income of the assessee - Revenue's appeal is dismissed.
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