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2007 (9) TMI 214 - HC - Income TaxIn course of assessment proceedings, assessee purchased bank drafts on different dates – assessee failed to produce any evidence in support of the fact that the drafts were purchased on behalf of his brother, not for him – source of investment not explained - AO is justified in making additions by treating the amount as unexplained investment of assessee – Order of tribunal & comm.(A) in allowing revenue appeal are justified – no question of law arise
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