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2008 (3) TMI 284 - KERALA HIGH COURTAdditions made u/s 69A – seizure of gold ornaments – assessee’s statement that other goldsmiths are owner of those seized items was not accepted by excise and income-tax authorities – finding of excise authorities and income-tax authorities that assessee was owner of those items, cannot be discarded - Tribunal acted perversely in accepting the explanation offered by the assessee and other goldsmiths and subsequently deleting the additions - Held that additions were rightly made
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