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2021 (1) TMI 477 - AT - Income TaxAddition u/s 68 - whether the enhancement made by the ld. CIT(A) is in accordance with law? - HELD THAT:- AO made no addition in respect of these items of cash credit, though in the course of hearing before him he holds the discussion of such items of income. As per the propositions of law, on such facts only the Pr. CIT or the CIT(A) is empowered to take appropriate action u/s 263 of the Act. Coming to the addition of ₹2,10,00,000/-, the assessee stated that the old address of the company has changed. Notices were sent to the old addresses. As D/R submitted that the addition may be restored to the file of the AO for fresh adjudication after giving the assessee adequate opportunity of being heard, provided the assessee in the case, cooperate and furnish all the necessary details required for the assessment including the present addresses of the companies - we set aside this matter to the file of the AO for fresh adjudication - assessee is directed to produce the principal officers of the share applicant companies before the AO and also furnish the present addresses of those companies. In the result, ground allowed for statistical purposes.
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