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Addl. Commissioner Of Income-Tax vs S. Pichaimanickan Chettiar on 3 August, 1982

CIT vs. S. Pichaimanickam Chettiar (1984) 147 ITR 251 (Mad), etc. Shri Sapra contended that the assessee is keeping books of accounts and during search no undisclosed income, assets were found, Inasmuch as the cash and shares, as found, were duly explained and stand accepted by the AO. He submitted that in the absence of any material/evidence brought on record, the additions made are unjustified.
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