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2019 (4) TMI 1811 - AT - Income TaxAssessment u/s 153A - unexplained cash credit u/s 68 - HELD THAT:- A Co-ordinate Bench in the matter of ITO vs. Apex Therm Packaging Pvt. Ltd. [2013 (5) TMI 877 - ITAT AHMEDABAD] wherein it is held that When the appellant had submitted all the documents including confirmation, name, address PAN no., copy of ledger, copy of balance sheet, copy of profit and loss account, copy of income tax returns then no addition can be made u/s 68 as the onus was fulfilled by the assessee and it was for the AO to examine and bring any material on record which may help in rebutting the onus of assessee. Since nothing incriminating document was found and seized from the premises of the assessee and during the assessment proceeding, it was noticed by the A.O. that assessee has taken loan from MTPL and assessee has satisfactorily explained the reason of the said transaction genuineness and rather source of the source was also explained. - Decided against revenue
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