J. J. Development Pvt. Ltd. v. CIT (2019)411 ITR 549 (Cal)(HC)

S. 68 : Cash credits-Share application money–Failure to appear in response to summons- Addition is held to be justified. [S. 131]

Dismissing the appeal, that since the Assessing Officer found on the facts that there was no plausible explanation by the assessee to justify the cash credits and the Tribunal accepted it, no question of law arose.

(Note: SLP of assessee is dismissed. (2018) 408 ITR 70 (St)