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1976 (10) TMI 32 - HC - Income TaxExtract: .......ainable. Section 68 provides that where any sum is found credited in the books of an assessee and the assessee offers no explanation about the nature and source thereof or the explanation offered by him is not satisfactory, the sum so credited may be charged to income-tax as income of the assessee. The application is, therefore, rejected. No costs.
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