Dismissing the appeal of the revenue the Court held that ,the assessee has filed Bank details and other particulars were furnished . Merely on the basis of report addition cannot be made. Deletion of addition is held to be justified.
PCIT v. Adamine Construction (P.) Ltd. (2018) 99 taxmann.com 44 259 Taxman 132 (Delhi)(HC) Editorial : SLP of revenue is dismissed ,PCIT v. Adamine Construction (P.) Ltd. (2018) 259 Taxman 131 (SC)
S. 68 : Cash credits- Bank details and other particulars were furnished–Merely on the basis of report addition cannot be made -Deletion of addition is held to be justified. [S. 260A]