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2015 (10) TMI 255 - HC - Income TaxUndisclosed income - credit entry not proved - search and seizure operation - Held that:- It is needless to point out that when an investment made by a person is claimed to have come from a particular source, it is up to the assessee to prove it. In this case, the assessee did not and could not discharge the burden cast upon him. Therefore, the Assessing Officer as well as the Tribunal were right in holding the issue against the appellant insofar as the amount claimed to have been received from Beauty Apparels is concerned. - Decided against assessee.
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