2013 (3) TMI 747

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..... llate Tribunal, Delhi Bench 'F', New Delhi in ITA No.4772/Del/2009 for the Assessment Year 2006-07. In the memo of appeal the following substantial questions of law have been proposed. (I) Whether the ITAT was justified in ignoring the fact that the assessee had not discharged his onus of proving the creditworthiness, identity and genuineness of transaction as all these conditions presc .....

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..... the assessee company had failed to produce the creditors/share-applicants before the A.O. For verification of their identity credit-worthiness and genuineness of transactions? (IV) Whether in the facts and circumstances of the case, the Hon'ble ITAT was justified in law in confirming the order of CIT (A) ignoring the fact that the facts of judgement of Hon'ble Apex Court in the case of .....

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..... ciating the full facts of the present case? Heard Sri Dhananjay Awasthi, learned counsel for the Department. The Assessing Officer in the assessment year in question made certain additions under Section 68 of the Income-tax Act, 1961, hereinafter referred to as the Act , in the income of the assessee-respondent. The case of the assesee-respondent was that the deposits were received towards .....

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