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2008 (7) TMI 498 - KARNATAKA HIGH COURTSearch in premises of partners of assessee and seizure of computer printout relating to transactions of assessee - An enquiry was conducted and the Assessing Officer held that the unaccounted income of the assessee-firm has to he brought to tax. - when the seizure of the document is not denied by the partners of the appellant-firm, it is for them to explain to show that such a document is not concerning the business of the appellant - Tribunal is justified in bringing the amount into tax - The search material shows that payments were made on different dates. – hence entire unaccounted money is not taxable in particular assessment year - it is for the Assessing Officer to complete the assessment, by finding whether entire amount was received by partners during assessment year - the appeal is allowed and the matter is remanded to the Assessing Officer only to consider the case whether the unaccounted money has to be spread over for different assessment years or for the assessment year 1993-94.
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