Tribunal held that when there no incriminating material was found, merely on the basis of statement dummy director addition of share capital as cash credit was held to be not justified. (AY. 2008-09)
Dy. CIT v. Frost Falcon Distilleries Ltd. (2021) 214 TTJ 388 / 207 DTR 1 (Delhi)(Trib.)
S. 153A : Assessment-Search or requisition-No incriminating material was found-Merely on the basis of statement dummy director addition of share capital as cash credit was held to be not justified. [S. 68, 132(4)]