Gopal Forex Pvt. Ltd. v. ITO (2018) 66 ITR 226 (Delhi) (Trib.)

S. 68: Cash credits – Mere non-production of directors of Creditor Company cannot justify addition when detailed evidences filed.

AO made addition u/s. 68 for the reason of non-production of directors of company. Assessee filed detailed documentary evidences to justify its claim. Tribunal held that mere non production of directors of Shareholder Company cannot justify adverse inference of detailed evidences filed. (AY. 2008-09)