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2012 (8) TMI 456 - ITAT, MUMBAIUnexplained investment u/s 69 - Held that:- Considering the additional evidence submitted by the assessee that the investment in the flat has been made from the disclosed bank account & the deposits in the said bank account are out of sale proceeds of agriculture produce it is necessary to examine the credits in the bank account and agriculture income derived by the assessee - as the said bank account was not examined either by the A.O. or by the ld. CIT(A) it fair and reasonable that the matter should go back to the file of the A.O.to decide the same afresh - in favour of assessee for statistical purposes. Addition made on account of low withdrawal - Held that:- No dispute that the A.O., without providing any opportunity to the assessee in respect of the Inspector’s report, estimated the household expenses as Rs. 1,20,000/- per year and has not considered the fact that the assessee got married on 18-11-2005 it fair and reasonable that the matter should go back to the file of the A.O. to decide the same afresh - in favour of assessee for statistical purposes.
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