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2009 (3) TMI 36 - HC - Income TaxAddition u/s 69C - construction of house - assessee failed to establish source of expenditure - whether such expenditure be deemed to be the income of assessee – explanation by the appellant was repayment of loans– since there was nothing to suggest receipt of loans and utilization thereof for construction, they cannot be accepted as withdrawn for construction of house - claim that calendar year 1991 had two financial years and as such the deemed income should be bifurcated, is not acceptable
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