2000 (2) TMI 42

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....f a partner can be treated as undisclosed income of the firm for the purposes of Chapter XIV-B of the Income-tax Act, 1961. The facts of this appeal are as follows : A search operation under section 132 of the Act was carried out at the residences of the partner pursuant to which notice under section 158BC of the Income-tax Act was issued to the firm on August 5, 1996, requiring the assessee-firm....