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2013 (2) TMI 43 - ALLAHABAD HIGH COURTUndisclosed sale - ITAT deleted the addition on the ground that these were accommodation hundies while these were genuine sales - Held that:- This Court upheld the findings of the Tribunal that there was practice in the assessee company for raising temporary finance by raising fake hundies. As the hundies were fake as such neither there was any actual sale nor actual profit was derived by the company on its sale as such addition of the so called profit was not justified.
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