Cash received and refunded Tribunal held that mere submission of Aadhaar and Permanent Account Number Card is not sufficient. Addition is justified. As regards the amount received by cheque, the Finishing work is done in subsequent year. Matter remanded for verification. (AY.2013-14)
Aakar Housing Developers Pvt. Ltd. v. ACIT (2022)99 ITR 21 (SN) (Varanasi) (Trib)
S. 68 : Cash credits-Construction business-Cash received from seventeen persons-Booking cancelled cash refunded-Mere submission of Aadhaar and Permanent Account Number Card is not sufficient-Addition is justified-Amount received by cheque-Finishing work done in subsequent year-Matter remanded for verification.