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2019 (1) TMI 886 - HC - Income TaxAddition u/s 68 - Held that:- As per Section 68 of the Act, if the explanation offered by the assessee regarding nature and source of sum credited in his books of account is not found satisfactory by the AO, the said sum can be charged to income tax. The explanations offered were not found satisfactory by all the three authorities below. The findings recorded by the Tribunal is based on material on record and after appreciating the evidence adduced. The order of the Tribunal does not call for any interference by this Court.
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