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5. Mr. Raman, aged 64 years, was not able to provide satisfactory explanation to the Assessing Officer for the investments of * 7 lakhs not

5. Mr. Raman, aged 64 years, was not able to provide satisfactory explanation to the Assessing Officer for the investments of * 7 lakhs not recorded in the books of accounts. What shall be the tax payable by him on the value of such investments considered to be deemed income as per section 69

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