Assessing Officer made addition as cash credits in respect of share application money received by the assessee on the ground that the identity and creditworthiness of creditors and genuineness of transactions were not found to be established. CIT(A) deleted the  addition. On appeal by the Tribunal held that parties in whose name such credit was recorded in books of assessee did not give any explanation about nature and source of such credit hence addition made by Assessing Officer under section 68 was  restored. (AY. 2012-13)