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2016 (2) TMI 914 - AT - Income TaxAddition u/s 69C addition - AO had made the addition as one of the supplier was declared a hawala dealer by the VAT Department - Held that:- As decided in assessee's own case as agreed that it was a good starting point for making further investigation and take it to logical end. But, he left the job at initial point itself. Suspicion of highest degree cannot take place of evidence. He could have called for the details of the bank accounts of the suppliers to find out as whether there was any immediate cash withdrawal from their account. We find that no such exercise was done. Transportation of good to the site is one of the deciding factor to be considered for resolving the issue. The FAA has given a finding of fact that part of the goods received by the assessee was forming part of closing stock. There is nothing, in the order of the AO, about the cash traial. Secondly, proof of movement of goods is not in doubt. Therefore additions fairly deleted - Decided in favour of assessee
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