Tribunal Orders Deletion of Addition After Assessee Proves Legitimacy of Loan Transactions; AO's Investigation Insufficient.

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....Addition u/s 68 - the Tribunal noted the extensive documentary evidence provided by the assessee to establish the legitimacy of the loan transactions. However, the AO failed to conduct proper investigations and relied solely on the report from the investigation wing. As the assessee had fulfilled its initial burden of proof, the Tribunal directed the deletion of the addition.....