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2019 (10) TMI 1161 - ITAT AHMEDABADAddition u/s 68 - unexplained cash credit - HELD THAT:- Admittedly the assessee has discharged his onus by furnishing the necessary details such as a copy of PAN, bank details, etc. in support of identity of the parties. There is also no dispute that all the transactions were carried out through the banking channel. Therefore, we are conscious of the fact that the assessee has discharged the onus regarding the identity of the parties. There is no doubt that the transaction of the loan was carried out through the banking channel. Therefore there cannot be any doubt about the genuineness of the transactions. The assessee in the present case has duly explained the source of money received in their hands. The assessee is not answerable to justify the source of the source of the money received by him. See ROHINI BUILDERS. [2001 (3) TMI 9 - GUJARAT HIGH COURT] - Decided in favour of assessee.
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