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2021 (8) TMI 367 - AT - Income TaxUnexplained expenditure/ investment - sustainability of protective addition in absence of any substantive addition - HELD THAT:- We find that residuary surrender against unexplained expenditure/investment/assets was not specifically identified and before the settlement commission the assessee has already paid taxes on the enhanced income in the case of one of the group company - the finding of the CIT(A) on the issue in dispute is justified and we do not find any error in the same. Accordingly, we uphold the same and dismiss the ground of appeal of the Revenue.
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