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2010 (10) TMI 802 - HC - Income TaxUnexplained investment - unrecorded sales - figure of sale shown by the assessee was in excess of figure of material recorded in the books of account. Thus, income declared was more than the figure of material recorded in record. Even if there may be deficiencies in the books of account, which may give rise to suspicion for making addition, inference has to be justified on same basis. When the sale figure was higher than the figure of raw material recorded in the books of account or inferred, the CIT(A) and the Tribunal could certainly hold the addition to be unjustified. The findings recorded are based on appreciation of evidence and are not shown to be perverse, no substantial question of law arises for consideration, appeal is dismissed.
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