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2014 (11) TMI 1155 - ITAT JAIPURAddition u/s 68 - Held that:- In all the three creditors, the assessee has proved the identity, genuineness and creditworthiness of the creditors by filing copy of confirmation with PAN number, copy of return, copy of bank statement and admission before the Assessing Officer U/s 131 of the Act. The sources have been explained by the cash creditors, therefore, we uphold the order of the learned CIT(A). The learned CIT(A) has called remand report from the Assessing Officer, therefore, no violation under Rule 46A of the Income Tax Rules, 1962. Appeal of the Revenue is dismissed.
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