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2007 (5) TMI 185 - HC - Income TaxSearch & seizure – on basis of blank & cancelled bills (documents recovered during search) AO made an estimation – tribunal was fully justified in taking in to consideration the subsequent findings i.e. return for A.Y 1996-97 which had been accepted by revenue – original cancelled & blank bill were also produced by assessee, and tribunal found that all the bill numbers were entered in sale register & they were tallied, so there is no undisclosed income – revenue’s appeal dismissed
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