Dismissing the appeal of the assessee the Court held that , the Credit entries in bank account is not explained satisfactorily. Genuineness of transaction is not proved -Order of Tribunal confirming the addition is held to be justified.
Kailash Swaroop Agarwal v. CIT (2018) 409 ITR 210 (Raj.)(HC)
S. 68 : Cash credits—Credit entries in bank account is not explained satisfactorily–Genuineness of transaction is not proved -Order of Tribunal confirming the addition is held to be justified. [S. 69A]