Allowing the appeal of the revenue the Tribunal held that the Assessee has not proved the creditworthiness of the creditors. Accordingly the matter is remanded to the AO for further verification. (AY.2008-09)
JCIT. v. Sardar Patel Institute Of Management Society (2017) 51 CCH 727/ (2018) 191 TTJ 41 (UO) (Delhi) (Trib.)
S. 68 : Cash credits-No return was filed by the lenders-Matter is remanded to prove creditworthiness of lender.