Appeal upholds deletion of additions under s.68 and s.56(2)(x)(b)(B) after assessee proved loans with documentary evidence

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....ITAT affirms the CIT(A)'s deletion of additions under s.68 and s.56(2)(x)(b)(B), holding that the assessee discharged the prima facie onus by producing ledger entries, confirmations, bank statements, opening/closing balances and other documentary evidence, and that the CIT(A) independently verified and analyzed the documents and facts. Additions made merely because notices to two creditors were returned unserved or because creditors had low declared incomes were held unsustainable. Deletion qua loans from ten of twelve parties is upheld; issues as to the remaining two creditors are reserved to adjudicate separately. The s.56(2)(x)(b)(B) addition was rejected for the relevant AY as the statutory provision was not then applicable.....