2019 (1) TMI 860

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..... not dispute payment of ₹ 67.50 crores to the assessee by M/s Unitech Limited on the ground of identity, creditworthiness and even transfer of money. “Genuineness” is disputed for the reason that the explanation given by the assessee for receipt of the amount, i.e. agreement to sell for land at Taluka Khanpur, District Raigad, State of Maharashtra was rejected for a number of reasons, includ .....

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..... s on the point of admission to examine whether the expression genuineness in the context of the present case has been examined and decided by way of judicial pronouncements. The question of genuineness arises in the present case in somewhat a peculiar situation for the Revenue does not dispute payment of ₹ 67.50 crores to the respondent-assessee by M/s Unitech Limited on the ground of i .....

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