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2015 (2) TMI 533 - AT - Income TaxUnexplained cash credit u/s. 68 - accommodation entries - CIT(A) deleted addition - Held that:- no interference is called for in the well reasoned order passed by the Ld. CIT(A), because the Ld. CIT(A) has decided the issue in dispute in favor of the assessee after appreciating the evidence filed by the assessee as well as various decisions rendered by the Hon’ble Supreme Court as well as Hon’ble High Court and the decisions of the ITAT Benches. We are of the view that the share application money received in the hands of the assessee company is properly explained by the assessee during the course of assessment proceedings as well as before the Ld. CIT(A) and even before us. Therefore, we find no infirmity in the impugned order passed by the Ld. CIT(A) and we uphold the same by dismissing the appeal filed by the Revenue. - Decided in favour of assessee.
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