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2013 (12) TMI 2 - ITAT KOLKATAUndisclosed sales - Held that:- The sale made to the parties were through regular invoice and payment has also been received through regular banking channel - DG set is a high value item and normally there is a slim possibility for sale being totally unaccounted specially when they are made to public sector undertaking and reputed companies like General electric - During the Remand proceedings, the reconciliation statement along with the evidences submitted by the assessee was examined - The assessee's contentions were found to be factually correct as per his books of accounts - Decided against Revenue.
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