TMI Blog2018 (3) TMI 1085X X X X Extracts X X X X X X X X Extracts X X X X ..... lenders, the genunuiness of the transaction and creditworthiness of the lenders. - Decided in favour of assessee - Tax Appeal No. 69 of 2018 - - - Dated:- 14-2-2018 - MR. AKIL KURESHI AND MR. B.N. KARIA, JJ. For The Appellant : Mrs Mauna M Bhatt, Advocate ORAL ORDER ( PER : HONOURABLE MR.JUSTICE AKIL KURESHI) 1. Revenue is in appeal against the judgment of the Inc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to the assessee totaling to ₹ 1.20 crores. The assessee produced the details of the lenders, their PAN car numbers and all other details including the fact that all transactions were made through banking channels. Despite this, the Assessing Officer made addition treating such deposits as unexplained on the ground that he was not convinced about the creditworthiness of the lenders. 3. Ult ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
