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1981 (6) TMI 96 - ITAT MADRAS-BExtract: ....... favour of the assessee, and therefore, the assessee s explanation regarding the nature and source of the cash credits has not been satisfactorily explained. In this view of the matter, therefore, we hold that the authorities were justified in assessing the cash credits as the income of the assessee. 11. In the result, the appeal is partly allowed.
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