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2019 (8) TMI 618 - KARNATAKA HIGH COURTAddition u/s 68 - unsecured loans - non consideration of evidence produced by assessee - HELD THAT:- There was no application of mind by the Authorities while arriving at a decision insofar as this issue is concerned. It is the specific case of the assessee that the letter of confirmation [Annexure-B series] issued by various persons to establish the hand loans received by the assessee has not been considered. It is apparent that this specific issue relating to the documents furnished by the assessee has not been addressed by the Authorities albeit a specific ground raised in the appeal memo. It is well settled law that reasons are the heart beat/soul of an order. Any order passed by the quasi judicial Authority sans reasons is void ab initio. The cryptic orders passed by the Assessing Authority as well as the Appellate Authority cannot be approved. It is necessary for the quasi judicial authorities to pass a speaking order giving reasons for the decision while arriving at a decision. Reasons would reflect the mind of the quasi judicial authorities and the same would be helpful to the appellate Forums while adjudicating upon such orders. In the absence of reasons, both the orders at Annexures-‘A’ and ‘C’ deserve to be set aside.
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