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Undisclosed Income Added Due to Unexplained Investments Found in Bank Loan Balance Sheet; AO's Action Deemed Lawful.

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....Undisclosed investments - Additions based on balance-sheet submitted to the Bank for obtaining loan - there is absolutely no error in law on the AO relying on the same and adding on an undisclosed income on the basis of the unexplained investment in the unaccounted purchases.....

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