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2013 (11) TMI 659 - KARNATAKA HIGH COURTAddition u/s 158BC on account of undisclosed income – claim of set-off on account of miscellaneous receipt from the undisclosed income - Held that:- During the course of assessment proceedings, the assessee had admitted that except the business of rectified spirit, they are not doing any other business. No document has been produced with regard to miscellaneous receipts. The Assessing Authority after considering the matter in detail passed fresh assessment order and the same was confirmed by the Appellate Authority - The assessee has failed to produce any materials or evidence to support the claim with regard to miscellaneous receipts and also failed to maintain the true and correct account – Decided in favor of Revenue.
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