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High Court Deletes Additions u/s 68 Due to Lack of AO's Explicit Satisfaction on Specific Individuals' Transactions.

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....Additions u/s 68 - burden of proof - Admittedly in the instant case, the assessee has provided the explanation, such explanation was found acceptable by the AO for the previous and subsequent Assessment Years. AO did not record a specific note of his satisfaction / dissatisfaction with regard to those three persons. - Additions deleted - HC....