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2019 (11) TMI 1657 - AT - Income TaxAssessment of trust - bogus unsecured loans - anonymous donations u/s 115BBC - HELD THAT:- The Hon’ble Apex Court in case of NRA Iron & Steel Pvt. Ltd [2019 (3) TMI 323 - SUPREME COURT] categorically held that the Assessing Officer is duty bound to investigate the credit worthiness of the creditors / subscriber, verify the identity of the subscribers, and ascertain whether the transaction is genuine, or these are bogus entries of name lenders. In the present case, the assessee has given all the details which were required to prove the genuineness, credit worthiness and identity of the lenders which was totally ignored and has not been taken cognizance by the Assessing Officer. The CIT(A) has taken the cognizance of the evidences and has given a justified reason while deleting the said addition. - Appeal of the Revenue is dismissed.
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