Dismissing the appeal of the revenue the court held that since all ingredients contemplated under section 68 had been duly satisfied on aspect of identity of creditors, genuineness of transactions and their creditworthiness, order of Tribunal deleting the addition is affirmed.(AY. 2012-13)
PCIT v. Gopal Heritage (P.) Ltd. (2022) 284 Taxman 406 (Guj.)(HC)
S. 68 : Cash credits-Unsecured loans-Identity of creditors and genuineness of transitions and creditworthiness established-Deletion of addition is held to be justified.