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2015 (12) TMI 631 - HC - Income TaxAddition u/s 68 - ITAT deleted the addition - Held that:- As based on the documents and the records of the revenue and other bank statements and financial transaction available, the finding of fact has been recorded by the Tribunal to say, that identity and creditworthiness of the lender and the transactions have been established. For the reasons as indicated hereinabove, and also lender Shri Juned Qazi to be an NRI, who has submitted his entire financial transaction and his creditworthiness is said to have been established. This being the finding of fact by the learned Appellate Tribunal which consisted of a Judicial Member and an Accountant Member, based on due consideration of materials available. Decided in favour of assessee.
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