2019 (7) TMI 1968

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..... by the assessee, assessee did not give any satisfactory reply. We find that in the first round of proceedings, Tribunal has directed the assessee to produce all the creditors before the AO to confirm with the evidences that the amount has been repaid. Assessee has failed to produce all the creditors before the AO, therefore, the addition was again confirmed and was upheld by the CIT(A). We see .....

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..... n to make a fresh assessment with the following directions: Therefore, in the interest of justice and fair play we reverse the finding of the CIT(A) and restore this matter to the file of the AO to verify the genuineness of the transaction. The AO is directed to verify whether the assessee has repaid this amount to all the persons stated in his accounts in various years by calling all the c .....

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..... time of hearing, when asked by the Bench, why the direction of the Tribunal was not complied with by the assessee, ld A.R. of the assessee did not give any satisfactory reply. We find that in the first round of proceedings, the Tribunal has directed the assessee to produce all the creditors before the Assessing Officer to confirm with the evidences that the amount has been repaid. But, the assesse .....

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