Dy. CIT v. Rajendra Gulabchand Shah (2024)116 ITR 21 (SN)(Mum)(Trib)

S. 68 : Cash credits-Short term deposits-Burden discharged-Addition is deleted. [S. 133(6)]

Tribunal held that the assessee has  furnishing ledger confirmation, Permanent Account Number, Income-Tax Return Acknowledgment and bank statement showing transactions of  loans received. Identity  creditworthiness and genuineness of transaction is established.  Order of CIT(A) deleting the addition is affirmed.(AY.2014-15)

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