1977 (11) TMI 75

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.... 31st March, 1974 and 31st March, 1975. The assessee is one of the four partners of a firm, Bhima Automobiles doing business in motor spare-parts. The assessee returned his share income. That was accepted. On 30th July, 1975 after the relevant accounting year is over there was raid by Police in the premises of the firm where they found the following articles: (1) Electronic Calculator. (2) C....