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2012 (7) TMI 307 - ITAT, DELHIAddition on account of unexplained cash credits u/s 68 - CIT(A)deleted the additions - Held that:- After examining the relevant details and documents including bank statements of the assessee and share applicants it is to be concluded that in view of the evidences on record, the mismatch as observed by the AO is duly explained by the entries in the bank statement of the assessee as well as the share applicant and the assessee discharged its onus by establishing the identity of the share applicants, the genuineness of the transaction as well as the credit worthiness of the investors - Also DR did not place before us any material, controverting the aforesaid findings of facts recorded by the CIT(A) so as to enable to take a different view in the matter - decided in favour of assessee.
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