No sec. 69 additions where bank statement was produced to substantiate refund of advance; SLP dismissed

INCOME TAX : SLP dismissed on ground of delay against High Court's ruling that where a sum received by assessee-company to undertake a joint venture for development of IT Park was returned as deal could not be materialised, since assessee furnished complete statement of bank account reflecting debits and credits on account of money received and returned by it, reopening notice treating said amount received by assessee as an unexplained investment was unjustified

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