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Section 68: Assessee's HSBC London Deposits Lacked Credible Source Evidence, Rejected by Authorities.
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....Addition u/s 68 - the deposit in HSBC London - the assessee has not been able to provide any cogent evidence for the source of deposits. The submissions of the assessee have been without any reliable material. The explanation given by the assessee is only self-serving and has correctly been rejected by the lower authorities. - AT....