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2010 (11) TMI 777 - HC - Income TaxUnexplained investment - Estimation of addition u/s 158B(b) by the multiplication of receipts being de hors the material available - Whether the Tribunal's order is sustainable in confirming the addition being contrary to the modus operandi and the nature of transactions carried on by the assessee? - Held that:- The assessee was unable to point out that the findings concurrently recorded by the Assessing Officer, the Commissioner of Income-tax (Appeals) and the Tribunal while sustaining the addition of Rs.3,18,000 were erroneous or perverse in any manner. Only an effort was made by the counsel for re-appreciation of evidence by this court which is not within the ambit of section 260A of the Act. As noticed earlier, the explanation furnished by the assessee was not accepted by any of the authorities below. The Tribunal has taken a plausible view
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