Held that there was no corroborative evidence to show that there was in fact transfer of money. Addition made in respect of the interest paid on post-dated cheques outside the books was to be deleted. (AY. 2006-07, 2007-08)
Green Valley Tower Pvt. Ltd. v. ACIT (2021) 86 ITR 1 (Delhi)(Trib.)
S. 69C : Unexplained expenditure-Interest paid on post dated cheques-No evidence that there was transfer of money-Addition cannot be made.