Sec. 69A additions valid if partner admitted in recorded statement that sum received from NRI was firm's own money

INCOME TAX : Where a partner of assessee firm, during search, specifically admitted in statements recorded under section 132(4) that money receipt on account of gift from NRI was actually firm's own undisclosed income routed back to other partner's accounts through an alleged NRI gift, Commissioner (Appeals) was justified in making additions in hands of assessee firm in respect of such money

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