Tribunal held that there was no corroborative evidence to show that there was in fact transfer of money. The addition confirmed by the Commissioner (Appeals) in respect of the interest paid on post-dated cheques outside the books was to be deleted. Followed CIT v. Ved Prakash Choudhary (2008) 305 ITR245(Delhi)(HC). (AY.2006-07, 2007-08)
Green Valley Tower Pvt. Ltd. v. ACIT (2021) 86 ITR 1 (Delhi)(Trib.)
S. 69 : Unexplained investments-Post dated cheque-No evidence to show that there was transfer of money-Addition is held to be not valid.