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2009 (11) TMI 49 - HC - Income TaxThe assessee filed return in pursuance of notice under Section 142 (1) declaring nil income, apart from non-taxable income from agricultural. The Assessing Officer found investments in banks and deposits in the name of the son of the assessee and treating the said amount as unexplained income, additions were made, under Section 144. CIT (A) and the Tribunal upheld the assessment – held that - attention of the learned counsel for the appellant was drawn to second proviso to Section 144. Notice under Section 142 having been served upon the assessee, there was no error in making assessment under Section 144. The question raised cannot be held to be substantial question of law. - The concurrent findings of CIT(A) are based on appreciation of evidence. Argument advanced by the learned counsel for the appellant that the authorities did not appreciate the evidence correctly is not enough to hold that substantial question law arises.
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