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2015 (2) TMI 447 - AT - Income TaxUnexplained investment u/s 69 - unexplained expenditure through Credit Card u/s 69C - CIT(A) deleted addition - Held that:- The bank statement of the appellant and it is found that the appellant had made all his credit card expenses out of his HSBC Bank Account by cheques (Page no. 6). The appellant had also invested ₹ 12,30,000/- in mutual fund and not ₹ 28 lakh as claimed by the AO from AIR. There is a mistake of getting the information through AIR which was collected by the appellant’s AR from bank. The transaction reported in the AIR was wrongly reported by the department. The AO should inform DGIT(System) to verify such information from the department server and correct it in future. The appellant investments of ₹ 12,30,000/- (page no. 8) is out of his bank amounts through SIP (Systematic Investment Plan) by the cheques. The appellant’s all the investments made by the appellant stands explained. The appellant’s written income during the year is ₹ 16,47,190/-. She is now settled in Singapore with her husband and both are in Chartered Accountant Firm. She is software engineer, considering her explanation and evidence No good reason to interfere with the findings arrived at in the impugned order. It is seen that no evidence controverting the facts as taken into consideration by the CIT(A) has been placed before us. The relevant documents relied upon by the CIT(A) support the case of the assessee wherein the assessment order is u/s 144 and the Remand Report in regard to relevant evidences has been obtained and considered. In the aforementioned peculiar facts and circumstances the departmental ground is dismissed. - Decided in favour of assessee.
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