Tribunal held that the assessee has failed to show creditworthiness of the depositors against sale of Agricultural land as well as gift hence addition is confirmed. As regards the enhancement made by the CIT (A) without giving an opportunity of hearing is held to be bad in law. (AY. 2009-10)
Jagdish Prasad Sharma v. ITO (2020)182 ITD 246 (Delhi) (Trib.)
S. 68 : Cash credits-Cash deposited-Bank-Sale of Agricultural land-Gift-Failed to show the creditworthiness-Addition is held to be justified-Enhancement without giving an opportunity of hearing is held to be bad in law. [S. 251]