Dismissing the appeal of the revenue the Tribunal held that; the assesee has filed, confirmation, return, balance-sheet and bank statement.Identity ,creditworthiness and genuineness of transaction is proved — Deletion of addition is held to be justified .( AY.2012-13 )
ITO v. Jaidka Woolen and Hosiery Mills P.Ltd. (2018) 68 ITR 216 (Delhi) (Trib)
S.68: Cash credits — Interest-free loan —Confirmation, return, balance-sheet and bank statement —Identity ,creditworthiness and genuineness of transaction is proved — Deletion of addition is held to be justified .