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2017 (1) TMI 1011 - HC - Income TaxAddition u/s 68 - Held that:- The inquiries made from searched parties or the statements were made available to the assessee. In these circumstances, the mere assumption that some of the parties were bogus and that the amounts attributed to them were suspect could not be sustained. So far as M/s Stalwarts Realtors Pvt. Ltd. and the amount of ₹ 50 lacs added to its account was concerned, the ITAT concluded that since the amount was shown by M/s Stalwarts Realtors Pvt. Ltd. and in fact accounted for, the question of it being bogus or suspect in the hands of the assessee did not arise. No substantial question of law - Decided against revenue
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