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2016 (2) TMI 1021 - ITAT MUMBAIUnexplained expenditure u/s 69C - AO making the addition on the basis of statements given by the third parties before the Sales Tax Department, without conducting any other investigation - Held that:- Tribunal in the case of ITO Vs. Premanand (2006 (8) TMI 272 - ITAT JODHPUR) wherein it has been held that where the AO has made addition merely on the basis of observations made by the Sales tax dept and has not conducted any independent enquiries for making the addition especially in a case where the assessee has discharged its primary onus of showing books of account, payment by way of account payee cheque and producing vouchers for sale of goods, such an addition could not be sustained - Decided in favour of assessee
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