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2018 (10) TMI 1688 - AT - Income TaxAddition on account of share capital u/s.68 - genuineness of the loan and was received and repaid by the assessee by account payee cheque establish the identity of creditworthiness, complete address, GIT No. / PAN, confirmation along with copy of assessment order available - HELD THAT:- In the case of assessee, all the details have been furnished by the assessee and transaction account payee cheque and investors have been appeared before the A.O. and whose complete address, copy of acknowledgement of return and balance sheet have been filed and the transactions reflected in the balance sheet, therefore, the addition made by the A.O. is not sustainable in law in the light of above documentary evidences and where the assessee has provided all the details of investors and who have personally appeared before the A.O. the addition made was not justified in law. We are of the considered opinion that the addition is not sustainable in law and same is directed to be deleted. - Decided in favour of assessee.
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