Section 69 Income Tax Case Remanded: Assessing Officer to Reevaluate Foreign Account Balance with Concrete Evidence, Not Assumptions.

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....Addition u/s 69 - undisclosed foreign bank account - addition being the peak balance - Matter remanded back to AO for adjudication of the issue afresh stating that the addition towards interest on outstanding credit balance in foreign bank account can only be made on the basis of some evidence/material. Addition cannot be simply made on the basis of presumption and surmises - AT....