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2018 (3) TMI 72 - AT - Income TaxAddition invoking the provisions of section 145(3) - Held that:- CIT(A) has considered all genuine pleadings and reconciliation in right perspective and allowed part relief. The other grounds of reconciliation are bald assertion not supported by any independent and positive evidence. These are simply afterthought which have no weightage in the eyes of law. It is undisputed fact that the books of accounts of the assessee were incomplete as on the date of survey, therefore the same cannot be accepted as such. The provisions of section 145(3) were rightly invoked by the AO. Further, the details with evidences filed by assessee were considered by the CIT(A) and partly accepted. The genuine claims of the assessee as made in reconciliation were accepted and those which were afterthought and unsupported by any positive evidence were rejected. Under these circumstances, in our considered view the part addition so sustained by ld. CIT(A) was justified.
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