2012 (9) TMI 1113 - HC - Income Tax

Unexplained cash credit under Section 68 - ITAT deleted the addition - Held that:- There cannot be any doubt about the transaction as has been observed by the Assessing Officer. The transactions were as per norms under controlled by the Securities Transaction Tax, brokerage service tax and cess, which were already paid. They were complied with. All the transactions were through bank. There is no iota of evidence over the above transactions as it were through d-mat format. - Decided against revenue