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2016 (6) TMI 1158 - ITAT DELHIAddition u/s 68 - Held that:- Contrarily evidences produced by the assessee of stalwart Realtors Limited of loan given which is supported by the bank statement of the lender, was not anyway found false or an accommodation entry. In view of this, we are of the view that appellant has discharged its onus cast upon him under section 68 by proving the identity, creditworthiness and genuineness of the transactions and therefore the addition of loan received by it from M/s Stalwart realtors private limited cannot be added into the hands of the assessee under section 68 - Decided in favour of assessee
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