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2016 (7) TMI 4 - AT - Income TaxAddition u/s 69A - Held that:- Once the assessee had offered an explanation fortified with documentary evidences and further corroborated by a third party, the onus reverted to the Revenue to prove that the facts were not correct. The Department was patently wrong in drawing an adverse inference based upon suspicion or perception of culpability and hence the addition cannot be sustained. The addition is accordingly deleted. - Decided in favour of assessee.
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