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2012 (8) TMI 93 - ITAT, AHMEDABADAddition of gift & loan u/s 68 - Held that:- All the donors are same which were shown in 04-05 and has filed addresses of the donors, copy of acknowledgement of return file, copy of capital account, copy of bank account, PAN No. and copy of the cash flow statement but was not able to produce the donors/cash creditors for cross examination as required by the A.O. because they are all belong to Bhiwani (Haryana) and had difficulty in coming to Surat. The assessee requested to issue summons to the donors/cash creditors or commission to ITO, Bhiwani, for cross examination - as the assessee has discharged his onus to prove the identity of the cash creditors, genuineness of the transaction and if A.O. has not issued summons to the donors/cash creditors or commission to ITO, Bhiwani, for further verification of the fact the addition confirmed by the CIT(A) is not justified - addition made need to be deleted - in favour of assessee.
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