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2016 (5) TMI 469 - AT - Income TaxAddition u/s 68 - Unexplained loans - Held that:- Assessee has fully proved its burden and discharged the onus upon the Department, however, no contrary evidence was shown by the AO which will prove that the transactions were not genuine, therefore, the addition made by the AO and confirmed by the Ld. CIT(A) is totally unwarranted and the same needs to be deleted - Decided in favour of assessee
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