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of <h1>Tribunal directs fresh assessment orders, restores Revenue's additional grounds for comprehensive adjudication.</h1> The Tribunal upheld the CIT(A)'s deletions of various additions made by the AO, including those related to unproved Jokhar account, undisclosed investment ... - Issues Involved:1. Deletion of addition on account of unproved Jokhar account.2. Deletion of addition on account of undisclosed investment in purchase of a machine.3. Deletion of addition on account of unexplained receipts.4. Deletion of addition on account of concealed sale receipts.5. Setting aside assessment in respect of various additions.Detailed Analysis:1. Deletion of Addition on Account of Unproved Jokhar Account:The Revenue challenged the deletion of Rs. 2,65,709 made by the AO due to unproved Jokhar account. The CIT(A) deleted this addition, which the Revenue contested. The CIT(A) found that the amount in the Jokhar account represented purchase and sale on approval basis, with supporting documents provided by the assessee. The Tribunal upheld the CIT(A)'s decision, finding no further evidence was necessary to prove such liability. Thus, the ground of appeal raised by the Revenue was dismissed.2. Deletion of Addition on Account of Undisclosed Investment in Purchase of Machine:The Revenue contested the deletion of Rs. 10,500 added by the AO for undisclosed investment in a machine based on a seized letter. The AO interpreted the letter as evidence of a purchase, but the CIT(A) found it was merely an inquiry about the price, with no actual purchase made. The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal on this ground.3. Deletion of Addition on Account of Unexplained Receipts:The AO added Rs. 10,000 for unexplained receipts based on seized documents. The CIT(A) deleted this addition after the assessee explained that a cheque was wrongly credited and later corrected. The Tribunal found the CIT(A)'s findings based on document examination to be valid and dismissed the Revenue's appeal.4. Deletion of Addition on Account of Concealed Sale Receipts:The AO added Rs. 6,022 for concealed sale receipts based on seized papers. The CIT(A) deleted this addition, and the Tribunal found no infirmity in the CIT(A)'s reasoning, thus dismissing the Revenue's appeal on this ground.5. Setting Aside Assessment in Respect of Various Additions:The CIT(A) set aside the assessment for several additions, directing the AO to pass fresh assessment orders. The Revenue raised additional grounds of appeal, arguing that the CIT(A) should have decided these issues on merit rather than setting them aside. The Tribunal admitted these additional grounds, noting that the CIT(A) could have decided the issues based on existing documents and remand reports if necessary. The Tribunal restored these issues to the CIT(A) for decision on merit, ensuring no prejudice to the assessee as the CIT(A) would adjudicate the issues comprehensively.Conclusion:The Tribunal partly allowed the Revenue's appeal, primarily by restoring certain issues to the CIT(A) for decision on merit, while upholding the CIT(A)'s deletions of various additions.
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