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1976 (10) TMI 32
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....PA REDDY, ACTG. C.J.--The Income-tax Officer found that a cash credit of Rs. 10,000 in the name of Shri Narinder Kumar was not acceptable as he did not have sufficient means to advance that amount of money to the assessee. This amount was added to the income of the assessee. On appeal, the Appellate Assistant Commissioner agreed that Narinder Kumar did not have the capacity to own Rs. 10,000. But ....