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2010 (11) TMI 838 - ITAT, NEW DELHIAddition - Unexplained investments - addition u/s 68 - On the basis of mere credit entry, it cannot be accepted as interred as to who has given this amount - assessee has filed most of the details in respect of each and every share applicants. In some cases assessee filed new confirmatory Emails, since long time had elapsed and parties were away, out of India. Lower authorities have given lot of preference to the requirement of filing of new evidence ignoring that at the relevant time assessee had filed documents to discharge its onus. - Held that:- it is settled law that the assessee need not to prove the 'source of source - assessee has duly discharged its onus viewed from any angle and the addition u/s 68 is not justified in this case - Decided in favour of the assessee
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