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2018 (6) TMI 1397 - HC - Income TaxUndisclosed bank accounts - survey u/s 133A - AO clubbed the sales with the turnover declared by the assessee in respect of his business concern and applied a profit rate of 8% to the total turnover - arrival by the First Appellate Autority of the profit figure at the rate of 25% of total deposit - Held that:- As appellant has submitted that the importation by the CIT(Appeals) the concept of 25% of the total deposit to be unaccounted profit as income to be without any foundation and arbitrary. His submission is that both the statutory appellate fora were wrong in coming to the finding that the business in which the appellant is engaged involves mostly cash and credit card payments. But these are all factual issues and we do not want to reappreciate the materials on the basis of which the Tribunal arrived at its finding. No substantial question of law
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