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2014 (5) TMI 519 - AT - Income TaxAddition u/s 68 of the Act – Unexplained cash credits – Admission of additional evidence - Held that:- All the details and evidences has to be admitted as per Rule 46A considering the fact that appellant was prevented by sufficient cause for non-submission of such details and evidences before AO – assessee has been prevented by sufficient cause for not producing these details before the AO and the same being crucial and material evidences against such addition, the same be admitted as additional evidences as per Rule 46A. The assessee has produced the details / explanation with supporting evidences in respect of each & every entry in the bank account for which the addition was made - The same were not furnished before AO during assessment proceedings therefore the same should not be admitted - The bifurcation under various heads were examined by AO in the remand report with details / explanations and supporting evidences in the form of contra account, confirmation, PAN of various parties from whom assessee received the sum in cash as well as cheque - All the evidences were found satisfactory to AO and no adverse finding or comment is offered by him in his remand report - It is after admission of additional evidence, there remains no ground for any such addition either u/s 68 or 69 of the Act - The AO is directed to delete the addition – there was no reason to interfere in the order of the CIT(A) – Decided against Revenue.
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