Allowing the appeal of the assessee the Court held that, evidence of contract and payment through Banks hence addition cannot be made solely on the basis that late recording in Demat Pass book.- Order of Tribunal set aside as it has considered only part of evidence and not entire evidence . ( AY. 2005 -06)
Amita Bansal (Ms.) v. CIT (2018) 400 ITR 324 (All) (HC)
S. 68: Cash credits- Long term capital gains- Evidence of contract and payment through Banks- Addition cannot be made solely on the basis that late recording in Demat Pass book- Order of Tribunal set aside [ S.45 ]