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2003 (12) TMI 300 - AT - Income TaxExtract: .......t to be the income of the assessee. The AO could not prove as to how the investment made by the appellant came out of his own sources. Therefore, we hold that the initiation of proceedings under s. 148 are invalid and even on merit the sources of investment had properly been explained. 22. In the result, the appeal filed by the assessee is allowed.
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