Sec. 69A additions on sum received from broker valid as there were discrepancies in statements of assessee amp; broker: HC

INCOME-TAX : Where assessee contended that cash found and seized during search upon his premise was received by him as an anadvance for sale of an agricultural land from buyer through a broker, since there was glaring discrepencies in statement made by assessee vis-a-vis statements of broker and buyer even as to basic facts such as area of land and agreed price, thus, explanation offered by assessee regarding such cash seized same was not found to be satisfactory, Assessing Officer was justified

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