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2017 (1) TMI 1207 - RAJASTHAN HIGH COURTIngenuine cash credits - as per order of the CIT(A) it is clear that while considering the case of the assessee, it has accepted that the partners have taken loan for 25 persons who have filed return and the same was shown in the return - ITAT deleted addition - Held that:- Taking into consideration the loans which are accepted merely on some amount of the ladies for which return was filed on the same date through one advocate is not a ground for reversing the finding but reasoning adopted by the CIT(A) is genuine and no reasons are adopted by the Tribunal while reversing the finding of the CIT(A). In that view of the matter, the Tribunal has seriously committed an error in reversing the finding of the CIT(A) and the appeal deserves to be allowed. - Decided in favour of assessee
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