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2018 (8) TMI 1744 - AT - Income TaxAddition towards unsecured loans u/s 68 - CIT-A deleted the addition - Held that:- CIT-A had given a finding that on examination of books and records, the unsecured loans of ₹ 31,58,367/- were only brought forward from earlier assessment years by the assessee and that the same were not received during the year under appeal. This fact remain un-controverted by the ld DR before us. Hence the provisions of section 68 of the Act cannot be applied at all for the year under appeal before us. Hence we hold that the CIT-A had rightly deleted the addition thereon which does not require any interference - decided against revenue TDS u/s 194C - disallowance u/s 40(a)(ia) - assessee had contracted work with sub-contractors with non deduction of tds on payments - CIT-A had deleted the disallowance on verification of facts available on record that the assessee had indeed deducted tax at source on sub-contract payments made to aforesaid two parties and remitted the TDS to the account of the Central Government, which is supported by TDS certificates which were available in the assessment records itself. Hence we find no infirmity in the order of the ld CIT-A. - decided against revenue
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