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2019 (11) TMI 1424 - AT - Income TaxAddition u/s 56 - cheques for sale of these shares representing premium have not been encashed by the assessee - amount has not been actually received by the assessee, and credited in its accounts - HELD THAT:- Since assessee has not received actual consideration, it has only received cheques which have not been encashed, therefore, the proposition laid down in the above order Bhagwat Marcom P.Ltd. [2019 (8) TMI 649 - ITAT KOLKATA] is clearly applicable on the facts of the present case. We allow the appeal of the assessee and delete the addition. - Decided in favour of assessee.
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