Dismissing the appeal of the revenue the Court held that the assessee has filed PAN  no, Affidavit of investors, Acknowledgement  of filing of return. Entire basis of revenue’s case was based on surmise that assessee was taking bogus purchase bills and cash was introduced in form of share capital without any evidence in support. Accordingly the  deletion of addition by Tribunal is held to be justified. (AY. 2005 -06 to 2011-12)