S. 68: Cash credits -Share application- Share premium- Identity and creditworthiness and genuineness is established – Addition is deleted.

S. 68: Cash credits – Share capital – Share premium- Proved the identity, credit worthiness and genuineness by documents –Addition is deleted. [ S. 133(6) ]

S. 68:Cash credits – Identity and creditworthiness is established -b The loan was repaid through banking channels- Addition is deleted . [ S. 147, 148 ]

S. 68: Cash credits -Unsecured loan- The assessee satisfactorily explained the source of the loan, and the lender’s credibility was established through the repayment in cheque and the lender’s business activity. The addition is deleted . [ S.133(6) ]

S. 68: Cash credits – Deposit in bank – The deposits are backed by equivalent withdrawals or immediate transfers, the entire deposit amount should not be treated as unexplained income- Net profit rate of 1 per cent on entire deposit is confirmed . [ S. 148 ]

S. 68 : Cash credits – Agriculturist – Bank deposits -Non-filing of ITR – additions on account of unexplained cash deposited in savings bank account & income from LTCG on the sale of agricultural land- ex-parte assessment order – Assessee was required to substantiate his income before the AO with proper and supporting evidence – matter remanded.[ S. 2(14), 45 ]

S. 68 : Cash credits – Demonetisation – Specified Bank notes – Sales – Matter remanded to the Assessing Officer .[ S. 115BBE ]

S. 68: Cash credits – Share capital – Share premium – Assessee had demonstrated that subscribing companies were having adequate reserves and surpluses to invest- Addition is deleted .
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S. 56: Income from other sources – Stamp valuation- Allotment letter – Registration- AO made addition as stamp duty value more than consideration paid –Consideration paid was as per allotment latter and not date of registration – Entitled to the benefits of proviso to Section 56(2)(vii)(b). [ S. 56(2)(viib ), 143(2) ]

S. 56: Income from other sources – Interest on compensation- Assessable as income from other sources . [ S.10(37), Land Acquisition Act , 1894 , S 28 ]