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2007 (7) TMI 236 - HC - Income TaxSource of loans and advances not proved – AO treated these deposits as unexplained credits u/s 68 - Tribunal has accepted the explanation offered by the assessee regarding the amount deposited by various persons - source and the genuineness of the deposits has also accepted - finding of the Tribunal, in our opinion, are pure findings of fact based on appreciation of evidence and material on record and therefore assessee appeal is allowed
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