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2016 (3) TMI 1088 - AT - Income TaxAddition u/s 69 - unexplained/unproved purchase/investment in purchase - Held that:- There is no doubt that the AO had accepted the genuineness of sales made by the assessee. He had not made any effort to make further investigation to substantiate his allegations with regard to non genuineness of the purchases.Considering the facts and circumstances of the case,we are of the opinion that the FAA was not justified in partly upholding the additions. Reversing the order of the FAA,we decide the effective Ground of appeal in favour of the assessee.
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