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    <title>2024 (12) TMI 1346 - ORISSA HIGH COURT</title>
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    <description>HC dismissed the appeal and refused admission, upholding AO, FAA and Tribunal findings that deposits made after the 8 Nov 2016 demonetization notification constituted unexplained income under s.69A. The assessee&#039;s post-notice explanation, based on bank information under s.143(6), was held to be no explanation; the source and nature of the sums remained unestablished, justifying the AO&#039;s conclusion of unexplained money. The court found no substantial question of law warranting admission of the appeal.</description>
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      <title>2024 (12) TMI 1346 - ORISSA HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=763766</link>
      <description>HC dismissed the appeal and refused admission, upholding AO, FAA and Tribunal findings that deposits made after the 8 Nov 2016 demonetization notification constituted unexplained income under s.69A. The assessee&#039;s post-notice explanation, based on bank information under s.143(6), was held to be no explanation; the source and nature of the sums remained unestablished, justifying the AO&#039;s conclusion of unexplained money. The court found no substantial question of law warranting admission of the appeal.</description>
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      <pubDate>Tue, 03 Dec 2024 00:00:00 +0530</pubDate>
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