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2008 (10) TMI 64 - HC - Income TaxSurvey - unaccounted stock – business income estimated by CIT (A) & affirmed by ITAT was based on available materials – thus, tribunal was justified in upholding the estimation of Rs. 50,000 under the head Business income - held that addition was made on the basis of material found in the course of survey and it cannot be said to be on mere suspicion, surmises and conjectures – but tribunal was not justified in upholding interest u/s 234B on the les advance tax, in absence of any order by AO
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