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2015 (1) TMI 1054 - AT - Income TaxAddition u/s 68 - CIT(A) deleted the addition - whether investors are mere entry operators? Held that:- We reach to a logical conclusion that the present case falls in the second category as the AO has not made any further enquiry or verification in regard to details, evidence and explanation submitted before him rejected and dismissed the same by only relying on the information of the Investigation Wing proceeded to make addition u/s 68 of the Act. Hence, we are inclined to hold that the present case is squarely covered in favour of the assessee by the decision of Hon'ble High Court of Delhi in the case of CIT vs. Gangeshwari Metal (2013 (1) TMI 624 - DELHI HIGH COURT) and we are unable to see any ambiguity, perversity or any other valid reason to interfere with the impugned order of the CIT(A). - Decided against revenue.
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