Held that all investors have produced their copy of income tax return, PAN copies bank accounts and also audited financial statements etc. Order of CIT(A) deleting the addition is affirmed. (AY. 2011-12, to 2013-14)
Dy.CIT v. Devi Iron & Power (P) Ltd (2023) 224 TTJ 59 (Raipur)(Trib)
S. 68 : Cash credits-Share application-Proved identity and capacity of the investors-Addition is deleted.