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Bogus capital gain: Mere Sec. 131 Statement not sufficient for addition

We would not hesitate to observe that the lower authorities which have hushed through the facts to arrive at a conclusion on the Basis of principle of preponderance of human probability, had however absolutely failed to appreciate that the said principle could have been validly applied only on the basis of a considerate view as regards the facts of the case in totality, and not merely on the basis of the stand alone statement of the aforesaid third party, viz. Sh. Mukesh Choksi.



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Bogus capital gain: Mere Sec. 131 Statement not sufficient for addition

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