Iqbal Ismail Virani v. ITO (IT) (2021) 191 ITD 316 / 87 ITR 654 / 211 TTJ 913 / 204 DTR 354 (Panaji)(Trib.)

S. 68 : Cash credits-Non-Resident-Remittance from abroad-Money brought in India for investment-Addition cannot be made as cash credits. [S. 5]

Held that the assessee  adduced evidence in form of copies of invoices in support of sale of gold, copies of cheques issued by buyer of gold bar and had also filed confirmation letter from bank that credit appearing in account represented maturity proceeds of FDs. Primary burden was discharged addition was held to be not justified. (AY. 2014-15)