The Tribunal held that the assessee has proved the genuineness and creditworthiness of lender proved. Deletion of addition is held to be justified. (AY. 2015-16)
ACIT v. SMB Securities Ltd. (2022) 97 ITR 67 (SN) (Delhi)(Trib)
S. 68 : Cash credits-Unsecured loans-Non banking finance company-Genuineness and creditworthiness of lender proved-Deletion of addition is held to be justified.