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2014 (1) TMI 977 - ITAT JODHPURUndisclosed cash deposit in bank account - Held that:- The amount deposited was received from purchasers/buyers located at various places like Mumbai, Thane, Hyderabad, Kanpur etc - The assessee also explained that he was supplying marble on commission basis - The Assessing Officer was not justified in treating the total deposits in the bank account of the assessee as his undisclosed income - The Ld. CIT(A) rightly worked out the income by applying the net profit rate on the total receipts relating to the business of the assessee - Decided against Revenue.
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