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2008 (9) TMI 513 - HC - Income TaxCash credit - Whether the Appellate Tribunal is right in law and on facts in confirming the order passed by the Commissioner of Income-tax (Appeals) in deleting the addition of Rs. 8,33,500 made under section 68 of the Income-tax Act, 1961, as explained cash credits ? Held that- the genuineness of the transactions and the identity of the depositors had been established and nothing had been brought on record to contradict the findings of fact recorded by the Commissioner (Appeals) as noted by the Tribunal. This was a pure question of fact. The deletion of the addition made under section 68 of the Act, was justified.
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