1996 (11) TMI 62

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Full Text of the Document

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.... petitioners under section 276C of the Income-tax Act, 1961 (hereinafter to be referred to as "the Act"), on the sole ground that a sum of Rs. 78,735 shown by the assessee in the return of income towards cash credit account was treated as concealed income and a sum of Rs. 78,735 was accordingly added towards the taxable income of the assessee. Today a supplementary affidavit has been filed in w....