Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2015 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (1) TMI 1220 - HC - Income TaxUnexplained cash credit u/s. 68 - ITAT deleted the addition - Held that:- The transaction of purchase and sale of shares done by the respondent – assessee was genuine. Consequently, it was also held by both the Authorities that addition under Section 68 of the Act was not called for. We find that the impugned order has been passed relying upon the decision of this Court in the case of “Mukesh R. Marolia” [2005 (12) TMI 457 - ITAT MUMBAI] and the findings are essentially findings of facts. Hence, no substantial question of law arises for our consideration. - Decided against revenue
|