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2010 (10) TMI 77 - HC - Income TaxIncome from undisclosed sources(under Section 68 of the Act) - revenue had already accepted the amount as income of the respondent-assessee in the earlier year - Held that: - sale proceeds of shares in respect of which income has already been assessed by the revenue in preceding year then the said amount cannot be assessed in the year under consideration simply on the ground that it was received in the year under consideration - appeal is dismissed
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