Revenue Appeal not maintainable against addition deleted based on Remand Report

Brief of the case

In course of assessment, AO made addition under Section 68. CIT (A) remanded matter back for obtaining confirmation of creditors. AO gave a remand report that he was satisfied with confirmation given by creditors and loan appeared to be genuine. CIT(A) relying upon said report , deleted addition. Assessee repeatedly submitted that matter remain unverified. Tribunal held that revenue’s appeal against said order was totally merit-less and deserved to be dismissed.

Facts of the case

• The search and seizure operation u/s 132 was carried out in case of another assessee i.e. Sh.Mukesh , wherein details of unsecured loan was found, in the name of assessee.

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