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2016 (10) TMI 352 - AT - Income TaxAddition u/s 68 - disallowance for receiving bogus accommodation entries - Held that:- It is a well settled law that addition cannot be made simply basing on some report like Report received from Investigation Wing etc. and when the assessee produces certain evidence, the onus lies on the AO to cause enquiries/ verification to demolish that evidence. However, in the present case no such attempt has been made by the AO and no enquiry or verification was ever done by him. Hence, Ld. CIT(A) has rightly deleted addition - Decided in favour of assessee.
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