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2006 (1) TMI 53 - HC - Income TaxDocuments seized from premises of assessee & his business associates – addition made to income of assessee as unexplained peak investment with the association of persons, viz., M.G. Enterprises - AO failed to correlate those documents to amount of addition - by relying on an affidavit of M.G. Enterprises, held that MGE alone was liable to explain the source & the addition made in the hands of the assessee has to be deleted – AO is directed to enquire against the AOP, who had denied the receipt
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