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1978 (7) TMI 41 - HC - Income Tax
Extract:
.......loan or the genuineness of the transaction. For the above reasons, in our opinion, it cannot be said that there was no material or evidence to support the inference or conclusions of the Tribunal that the said sum of Rs. 1 lakh represented the assessee s income from undisclosed sources nor the same can be said to be perverse. D. K. SEN J.--I agree.