Held that the assesssee established identity, genuineness and creditworthiness or financial strength of the subscriber. The assessee had tangible fixed assets to substantiate and support and receipt of premium. Deletion of addition is held to be justified. (AY.2012-13)
Dy. CIT v. Sarvpriya Properties Pvt. Ltd. (2022) 95 ITR 23 (SN)(Delhi) (Trib)
S. 68 : Cash credits-Shares at premium-Identity, genuineness and creditworthiness established-Tangible fixed assets to substantiate premium-Deletion of addition is valid.