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2015 (9) TMI 62 - AT - Income TaxAddition of unaccounted payment of ₹ 20 lacs added u/s. 158BC - CIT(A) deleted the addition - Held that:- Revenue's sole endeavor is to get restored the impugned addition of ₹ 20 lacs by way of unaccounted investment unearthed in the course of search. It has come on record that balance sum of ₹ 45 lacs already stood declared in the return. The Assessing Officer himself observes that this remaining sum of ₹ 20 lacs was yet to be paid after the search in question. Meaning thereby the Revenue fails to lead any evidence much less a cogent one to prove actual payment of ₹ 20 lacs in question. We uphold the CIT(A)’s in these peculiar facts and rejects the Revenue’s arguments accordingly. - Decided in favour of assessee.
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