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2015 (9) TMI 704 - AT - Income TaxAddition on account of accommodation entries received - CIT(A) deleted the addition - Held that:- As decided in CIT vs. Pradeep Gupta [2006 (11) TMI 184 - DELHI HIGH COURT] from the very beginning Ld AO had shifted entire burden upon the assessee and no material was brought by him to prove his allegation that the impugned amount represented assessee company's undisclosed income. Therefore, on this ground alone the entire addition deserves to be deleted and may kindly be held so. AO did not bother to adjudicate the explanation of the assessee and simply noted that when the entry provider has accepted that they provided accommodation entries after receipt of cash from the parties who need entries and the AO further held that, therefore, the submissions of the assessee are not acceptable in view of admission of entry providers. AO had shifted entire burden upon the assessee and no material was brought by him to prove his allegation that impugned amount actually represent undisclosed income of the assessee. Thus CIT(A) has not erred in deleting the addition - Decided against revenue.
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