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2015 (5) TMI 1177 - AT - Income TaxAddition on account of declaration made u/s. 132(4) - HELD THAT:- We direct the AO to determine the total income of the assessee either on the basis of estimation or on the basis of declaration made by the assessee. We delete the addition made by AO and confirmed by FAA - decided in favour of the assessee. Addition on account of unexplained credit - HELD THAT:- AO had mentioned that the assessee had mentioned about explanation regarding ₹ 3.44 lacs on 30. 11. 2006. Once he had received the letter it was his duty to consider all annextures of the letters. The assessee,before the FAA specifically mentioned the relevant documents were not considered. In these circumstances we are of the opinion that,in the interest of justice,matter should be restored back to FAA for fresh adjudication.He is directed to afford a reasonable opportunity to the assessee and to consider all the documents to be furnished by the assessee with regard to the disputed amount of ₹ 3.44 lacs. Levy of interest u/s. 234A, 234B and 234C - HELD THAT:- Levy of interest is consequential in nature ground decided against the assessee and direct the AO re-compute the interest liability after reducing tax liability at source and decide the issue as per provisions of law.
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