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2014 (9) TMI 827 - GUJARAT HIGH COURTEvidences lacks credibility – Acceptance of additional evidences on claim of TDS – Held that:-The assessee is a firm engaged in the business of manufacturing and sale of bio-organic fertilizers, filed income tax return - The AO noticed the receipt of unsecured loan which was received from M/s Om Textiles and M/s Elegant Diamond Co.- The Tribunal has noted that the assessee filed a copy of the return of income and a copy of his passbook, however, in absence of confirmation filed before it, it deemed it fit to grant opportunity to the assessee to substantiate such facts before the AO and remitted the matter with respect to Om Textiles to the file of the AO and directed him to verify the submissions of the assessee - the Tribunal on the basis of genuine and substantial documents, which have been adduced by the respondent and on the strength thereof, has believed the transaction of ₹ 30 lacs to have been entered into with M/s Elegant Diamond Company – since, all the three requirements have been duly satisfied, there is no reason to interfere in the order of the Tribunal – Decided against revenue.
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