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2013 (4) TMI 61 - ITAT DELHIAddition u/s 68 - unverifiable loan from Shri Satish Chopra and Smt.Chand Rani - Held that:- As fresh evidences before the CIT(A) were produced who forwarded the same to the AO and called for the remand report who furnished the remand report in which his only comment with regard to Smt.Chand Rani was "Reply received from legal heir Sh. Partha Arora, confirming the loans advanced to the assessee. (copy enclosed as annexure 'E')." With regard to Shri Satish Chopra, no comment was given in the remand report. On these facts, CIT(A) deleted the addition mainly pointing out that in the remand report, the AO has not disputed the correctness of the evidences furnished by the assessee before the CIT(A). Against revenue. Cash deposit in the bank account from undisclosed sources - CIT(A) deleted the addition - Held that:- It is evident that in the remand proceedings, the assessee produced the evidences explaining the source of the deposit of Rs.2 lakhs in cash in the bank account which has not been disputed by the Assessing Officer. In view of the above, we do not find any infirmity in the order of learned CIT(A). The same is sustained and ground No.2 of the Revenue's appeal is also rejected - in favour of assessee.
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