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2016 (8) TMI 899 - AT - Income TaxAddition u/s. 68 - unexplained / bogus cash credit and the unaccounted cash paid for obtaining the accommodation entries - Held that:- After going through all the evidences produced by the Assessee before the Ld. CIT(A), the Ld. CIT(A) has deleted the addition in dispute by holding that once the identity, creditworthiness of the share holders and genuineness of the transactions is proved by furnishing all particulars of the share applicants alongwith other documentary evidences, then the Assessee has discharged its onus and there cannot be any addition in the hands of the assessee company in the matter of share application money or share capital. - Decided in favour of assessee.
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