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2022 (2) TMI 183 - AT - Income TaxAddition u/s 68 - Unsecured loan and on account of interest against the said unsecured loans - CIT-A deleted addition admission of additional evidence under Rule 46A - HELD THAT:- No violation of Rule 46A of the IT Rules by the ld.CIT(A) while passing impugned order because an application was moved by the assessee vide letter dated 3.11.2017, requesting for admission of additional evidence under Rule 46A and the same was forwarded to the AO, and the AO was given sufficient time to rebut the same. As a matter of fact, the AO in his detailed remand report had confirmed of having verified the additional evidence submitted by the assessee to establish the identity and creditworthiness of the concerned creditors, and genuineness of the transactions entered into by the assessee with the 15 creditors, based on which the CIT(A) has passed the impugned order giving relief to the assessee. We therefore, do not find any infirmity in the impugned order of the CIT(A) calling for any interference and upholding the same, we dismiss the appeal of the Revenue.
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