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2001 (3) TMI 227 - AT - Income TaxExtract: .......s approach is erroneous. It is only the peak amount which can be assessed. From the perusal of stock statement, we find that the peak amount is of Rs. 64,960 which would cover the entire difference. Accordingly, the order of CIT(A) is modified and the addition is restricted to Rs. 64,960. 11. In the result, appeal of the assessee is partly allowed.
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