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Court Rules Capital Introduction in Firm Justified; Proven Sale of Gold Ornaments Validates Source of Funds.

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Full Text of the Document

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....Addition on account of capital introduction by the partners of the assessee-firm - The source of funds utilized for giving such gifts was explained as the sale proceeds of gold ornaments by the concerned donors.The source of funds utilized for giving such gifts was explained as the sale proceeds of gold ornaments by the concerned donors - as the sources is proved no addition can be made - AT....

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