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2021 (4) TMI 150 - ITAT AHMEDABADUnexplained cash deposits u/s.68 - HELD THAT:- Addition under section 68 of the Act was made in the case of M/s Radhe Developers India Ltd. for the amount of cash deposited in bank of Kanjibhai Desai in the year under consideration. Though the same was deleted by the learned CIT(A), treated the same as explained cash credit which was subsequently confirmed by us [2021 (3) TMI 918 - ITAT AHMEDABAD] in the appeal filed by the Revenue. Thus in such facts and circumstances we are of the considered view that the Revenue cannot treat similar transaction in different manner with respect to different assessee. Assessee has discharged its onus as provided under section 68 of the Act namely the identity, genuineness and creditworthiness of the parties. For the identity, the assessee has furnished the PAN/address/bank details/confirmation of M/s Radhe consultancy. Similarly, for the creditworthiness and genuineness of the transactions, the assessee filed cash book, bank book, bank statement and balance sheet and assessment orders of M/s Radhe Consultancy and group which is showing the amount given to assessee.
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