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2018 (3) TMI 1311 - AT - Income TaxUnexplained cash credit u/s 68 - identity, genuineness and creditworthiness of subscribers - assessment u/s 153A - Held that:- The documents gave the complete details of the subscribers and it is pertinent to note that the AO has not at all made any effort to make enquiries and verify the authenticity of the same. Merely rejecting the documents does not amount that assessee has not prove the identity, genuineness and creditworthiness of subscribers. In fact, the assessee has given all the details as per the requirement of the identity, genuineness and creditworthiness of subscribers. The CIT(A) has given a detailed findings and there is no need to interfere with the same. As no incriminating material found and besides that there additional evidence has prove the case of the assessee which was not verified by the Assessing Officer in Remand Report and therefore, the CIT(A) has rightly taken cognizance of these evidences and passed a just and proper order - As on the date of search, assessment or reassessment for both the years was not pending on the date of search, as such, nothing was abated on the date of search, and hence in the absence of any incriminating material found from the premises of the assessee, additions made in both the years were outside the scope of Section 153A - Decided against revenue
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