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2021 (8) TMI 1093 - AT - Income TaxUnexplained cash credit under section 68 - no evidence filled in support of the claim of receipt of money from Mr. Suresh Shervegar - HELD THAT:- The documents now sought to be filed by the assessee as additional evidence prima facie shows the source of funds is from Banks and requires examination by the AO and the AO has to be satisfied with the identity, capacity of the creditors and the genuineness of the transaction. For carrying out this exercise, it is necessary that the impugned order of the CIT(A) should be set aside and the issue with regard to addition u/s 68 has to be remanded to the AO for fresh examination. - Appeal of the assessee is treated as allowed for statistical purposes
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