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2007 (7) TMI 227 - HC - Income TaxCash credits - undisclosed income - Stock not tallying with stock calculated according to books of account – identity of creditors, nature & source of credit stood explained - Tribunal is justified in holding that amount of Rs. 13,56,000 has been deposited by the sons of assessee, which was realized after selling the pilferage stocks outside the books of account – entire case of AO is based on doubts without any evidence - no merit in the revenue’s appeal - no substantial question of law arise
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