1998 (4) TMI 120

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....e-tax Act, 1961, has been filed with the contention that the money has been recovered from one Sanjay Kumar on May 30, 1988, to the tune of Rs. 4,45,000 which he declared to be the money of the assessee. This was accepted by the assessee. He thereafter filed a return in July 1988, and declared the amount to be the income for the assessment year 1989-90. Thereafter, he modified the statement and de....