Dismissing the appeal of the revenue the Court held that, all relevant particular such as identity details relating to depositors, their PAN numbers, addresses, and particulars relating to cheques paid were furnished by the assessee, however the Assessing Officer has not carried out any enquiries under law from concerned banks, addition was held to be not justified. (AY. 2009-10, 2010-11)
PCIT v. DLF Commercial Project Corporation (2019) 411 ITR 716/260 Taxman 2/ 100 taxmann.com 308 (Delhi) (HC) Editorial : SLP of revenue is admitted ;PCIT v. DLF Commercial Project Corporation ( 2018) 409 ITR 11(St)/. (2019) 260 Taxman 1 (SC)
S. 68 : Cash credits–Deposits from members of pubic-PAN numbers, address and particulars relating to cheques were furnished-Assessing Officer has not further enquiry- Deletion of addition by the Tribunal was held to be justified.