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2012 (12) TMI 25 - AT - Income TaxAddition u/s 68 - share application money - amount transferred from outstanding balances of particular creditors - CIT(A) deleted addition holding that the identity, credit worthiness and genuineness of the transaction is explained - Revenue contesting order of CIT(A) on ground that confirmation of creditors has not been submitted - Held that:- Appeal is remanded to the file of the Assessing Officer with a direction to examine the alleged sundry creditor and the nature of such credits and then decide in accordance with law.
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