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2017 (3) TMI 397 - HC - Income TaxAddition u/s 68 - Held that:- Tribunal in the instant case had examined the evidence on record, the most material being the conclusion drawn by the Assessing Officer after having been required to examine the issue and submit his report before the CIT (Appeals). The Assessing Officer himself having accepted the identity of the creditors, the genuineness of the transactions and the creditworthiness of the creditors in his remand report, it is no longer open to the department to contend otherwise. - Decided in favour of the assessee and against the revenue.
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