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2013 (12) TMI 640 - ITAT KOLKATAComputation of undisclosed income – During search and seizure operation – The assessee has not disclosed one bank account – Held that:- The Autosweep investments has been made from the said bank account – The same amount has been credited back to this account – The addition should be on the basis of one transaction – The deduction of opening balance of bank account shall be allowed – Decided in favour of assessee.
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