TMI Blog2017 (7) TMI 921X X X X Extracts X X X X X X X X Extracts X X X X ..... he transactions - Tribunal deleted the addition - Held that:- Appeal can only be entertained on substantial question of law. The Assessing Officer has given a report, which states that the genuineness of the farmers is established. They have given a statement that as the sale transactions was cancelled, they have collected the amount from friends and relatives and paid to the Respondent-Assessee. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3] Mr.Singh, the learned counsel for the Appellant submits that the Tribunal was not justified in deleting the addition made by the Assessing Officer of ₹ 39,14,000/on account of unexplained cash credits under Section 68 of the Income Tax Act, 1961 (for short the Act ). The learned counsel submits that farmers has given a statement that the cash was received by them from friends and rela ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an only be entertained on substantial question of law. The Assessing Officer has given a report, which states that the genuineness of the farmers is established. They have given a statement that as the sale transactions was cancelled, they have collected the amount from friends and relatives and paid to the RespondentAssessee. The said amount is not disputed by those farmers. The genuineness of th ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
