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1996 (9) TMI 162 - AT - Income Tax
Extract:
.......ss it cannot be ignored that the assessee retracted from the earlier statement made on search date and upon retraction he rendered himself untrustworthy and unreliable in the eyes of law and accordingly the addition of Rs. 7 lacs to the income declared is fully justified. 6.1 to 13. These paras are not reproduced here as they involve minor issues .