Dismissing the appeal of the Revenue the Court held that identity , creditworthiness and genuineness of the transactions of purchases made is proved . Deletion of addition by the Tribunal is affirmed . No substantial question of law .( ITA No . 344 of 2022 dt . 20-09 -2022)( AY. 2014 -15)
PCIT v. Attire Designers Pvt Ltd (2023) 455 ITR 697 / 290 Taxman 551 /(2022) BCAJ-October -P. 68 (Delhi)(HC)
S. 68 : Cash credits – Credit balance of the associate parties – Purchase transactions- Identity , creditworthiness and genuineness of the transactions of purchases made is proved – Deletion of addition is affirmed – No substantial question of law .[ S. 260A ]