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2012 (10) TMI 1119 - AT - Income TaxExtract: ....... the AO, we are unable to concur with the observation of the CIT (A) that the assessee has proved the capacity of creditors as also the genuineness of the impugned transactions. 9. In view of the aforesaid, the order of the CIT (A) is reversed and that of the AO is restored. Appeal filed by the Department is allowed. Order pronounced on 05.10-2012.
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