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2015 (10) TMI 12 - AT - Income TaxUnaccounted share transactions of the assessee company - CIT(A) deleted the addition - Held that:- The A.O. had verified the accounts maintained in the name of M/s. Sandeep Stocks Pvt. Ltd. and came to the conclusion that there was no variation in the entries/transactions carried out through this account. Therefore, at the time of filing of return, the assessee company has not disclosed any additional income on account of surrender made during the course of survey. The ld. CIT (A) had thoroughly examined this issue and held that addition made by the AO was not justified simply on the basis of surrender made during the course of survey. As such no incriminating documents were found during the course of survey on which assessee can disclose additional income. Therefore, we find no infirmity with the order of ld. CIT (A). Accordingly we confirm the order of ld. CIT (A). - Decided against revenue.
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