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2012 (7) TMI 246 - ITAT, DELHIUnexplained cash credit u/s 68 - CIT(A) deleted the additions - Held that:- The assessee has furnished the copy of confirmation, copy of income tax return and bank statement of individual to whom loan was given there cannot be any doubt about his identity or creditworthiness - letter in response to summons issued by AO clearly stated the evidence of the cheque number or the bank balance of 2004-05 adjudicating the repayment of loan received during the year under consideration, thus proving the identity and creditworthiness of party as well as genuineness of transaction - in favour of assessee.
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