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1995 (1) TMI 107 - AT - Income TaxExtract: .......ns. Mere furnishing of the particulars is not enough. Mere payment by account payee cheque is not sacrosanct nor can it make a non-genuine transaction genuine. We accordingly hold that the authorities below were justified in confirming the addition of Rs. 37,500 and we accordingly uphold their findings. 13. In the result, the appeals are dismissed.
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