Taxpayer's Income Increased via Loose Papers; Section 292C Presumption Applied; ITAT Upholds Partial Relief by CIT(A).

Additions made on the basis of loose papers found and impounded from the premises of the assessee - Presumption u/s 292C - CIT(A) applying the telescoping reduced the addition giving partial relief to the assessee - ITAT confirmed the order of CIT(A) - Tribunal has given cogent reasons and arrived at conclusion on the basis of the materials and the fact found on record - HC .....

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