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2016 (3) TMI 44 - AT - Income TaxAddition made under section 68 - CIT(A) deleted the addition - Held that:- In the instant case, the ld. CIT(A) has observed that the names and the addresses of the persons from whom the amounts have come into the assessee’s bank accounts are made available to the Assessing Officer. Further, the amounts were received by way of cheques/ bank transfers etc. and therefore, the identity and genuineness of the transactions have been established by the assessee and moreover, in the assessment order the Assessing Officer has not doubted the creditworthiness of the creditors. In the instant case, the names and addresses of the persons from whom the amounts have come into the assessee’s bank accounts are furnished before the Assessing Officer and the Assessing Officer has not doubted the identity of the creditors. Further, whatever details furnished before the Assessing Officer were only furnished before the ld. CIT(A) and no new evidences have been furnished before the ld. CIT(A) for which, the ld. CIT(A) is required to obtain remand report from the Assessing Officer under Rule 46A of the Income Tax Rules. - Decided against revenue
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