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2019 (3) TMI 2016 - AT - Income TaxAddition u/s. 68 - information received from the DGIT (Inv.) that the assessee is one of the beneficiaries of the accommodation entries provided by various entities being operated by Praveen Kumar Jain Group - burden of proving the identity, genuineness and creditworthiness of the creditors - HELD THAT:- In the case on hand also the assessee has discharged its initial burden by providing all the necessary details in respect of the loan transactions and thus the assessee has discharged identity, genuineness of the transactions and creditworthiness of the parties. Thus, hold that there is no valid reason for the AO to treat the loan transactions has not proved by the assessee. Hence, direct the AO to delete the addition made u/s. 68 in all these Assessment Years. Appeals of the assessee are allowed
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