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CIT(A) Overturns Artificial Loss Disallowance; Case Sent for Further Review Due to Unrejected Audited Books.

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....Disallowance of artificial loss made on account of fictitious transactions - CIT(A) has deleted the addition merely by observing that the books of accounts of the assessee were audited and have not been rejected by the AO. - Matter restored before the CIT(A)....