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2016 (9) TMI 1005

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..... oduced alternative materials and evidences which were found to be satisfactory. - Decided in favour of assessee. - Tax Appeal No. 602 of 2016 - - - Dated:- 26-7-2016 - Akil Kureshi And A. J. Shastri, JJ. Mr Sudhir M Mehta, Advocate for the Appellant ORDER ( Per : Honourable Mr. Justice Akil Kureshi ) 1. Leave to amend. 2. The Revenue is in appeal against the judgment of the .....

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..... Assessing Officer. Even after the assessee placed the further materials in support of the genuineness of loans, the Assessing Officer treated such transactions as non genuine. The Commissioner of Incometax (Appeals) reversed the finding of the Assessing Officer, upon which, the Revenue approached the Tribunal. Tribunal by the impugned judgment, dismissed the Revenue's appeal and has observed a .....

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..... uld not be admitted. 8. The CIT(A) having considered the remand Report as well as material on record, observed that since the proceedings before the Assessing Officer were set aside proceedings, the Assessing Officer was expected the fact of loss of books of accounts in floods and had directed the Assessing Officer to verify the claim with respect to bank accounts of the assessee. The CIT(A) .....

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