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2017 (11) TMI 1728 - AT - Income TaxUnexplained expenditure u/s 69C - loose paper folders seized - explanation of seized material - Held that:- Additions could not be made merely on the basis of entries in loose papers without bringing on record any cogent material to substantiate the same and further additions could not be made merely on the basis of doubts, conjectures or surmises. Hence, we delete the impugned additions and allow assessee’s ground of appeal.
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