1980 (7) TMI 142

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....e that the assessee is an HUF earning income from kirana, money-lending and agriculture. According to the ITO no books of account were maintained and the income was shown on estimated basis for money lending business. He further observed that one 'Cahna Register' was maintained which does not show the opening and closing balances of cash. However, from the details filed, the ITO noted the assessee....