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2021 (8) TMI 430 - AT - Income TaxBogus sales - unaccounted income - CIT(A) deleted the additions - Revenue contended that, onus of establishing genuineness of transaction was on the assessee which it failed - HELD THAT:- CIT(A) has given a detailed finding that nothing has been found during survey to conclude that the assessee is generating additional unaccounted income. In-fact, all the details relating to the sales as well as purchases were given during the assessment proceedings and the books were not at all rejected by the AO, which was properly maintained by the assessee. Hence, there is no need to interfere with the findings of the CIT(A). Thus, the appeal of the Revenue does not survive. Assessee has filed appeal under Rule 27 of the Income Tax Appellate Tribunal Rules, 1963 relating to the contrary findings given by the CIT(A) to the factual aspect of the evidences produced before the Assessing Officer as well as before the CIT(A). As regards the observation of the CIT(A) that sales are bogus are contrary to the findings of the CIT(A) in the order itself as well as while going through the records also the sales are properly explained by the Assessee before the Revenue authorities. When we looked into the evidences, we found that all the entries as well as bills and vouchers of each transaction along with transportation receipts and details were meticulously given before the Assessing Officer as well as before the CIT(A). The observation made by the CIT(A) is contrary to the records. Thus, we allow application filed by the assessee under Rule 27 of the Income Tax Rules, 1963. Appeal of the Revenue is dismissed.
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