AO's Section 68 Additions Overruled: Evidence Ignored, Unsecured Loans and Interest Payment Decision Found Erroneous.

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....Addition u/s 68 - In this case, the AO has made additions only on the basis of statement recorded from third party ignoring various evidences filed by the assessee to prove unsecured loans taken from said parties. Therefore, AO was erred in making addition towards unsecured loans and consequent interest paid on said loans u/s.68 - AT....