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2019 (10) TMI 860 - ITAT DELHIUnexplained investment - C.I.T.(A) sustaining the addition on account of purchase of Bonds/Debentures as unexplained investment - HELD THAT:- CIT(A) has passed a speaking order on merits. Assessee has brought no material on record to prove that the aforesaid investment amounting to ₹ 20 Lac was not made by the assessee (or made out of explained sources of income/wealth); despite the opportunities available to the assessee before Assessing Officer (during assessment proceedings, or during appellate proceedings before the CIT(A) and or now in ITAT). Perusal of materials on record including the aforesaid assessment order dated 31.03.2016, the aforesaid impugned appellate order of the learned CIT(A), and the aforesaid written submissions filed from the assessee’s side; that no convincing case has been made to persuade as to take a view different from the view taken by the learned CIT(A). Therefore, we decline to interfere with the aforesaid impugned appellate order dated 23.12.2016 of the learned CIT(A); and dismiss this appeal filed by the assessee.
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