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. 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. 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. 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.

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]