Dismissing the appeal of the Revenue the Court held that the assessee has established genuineness and credit worthiness of the lenders. Deletion of addition was justified. (AY. 2004-05 to 2010-11)
PCIT v. Inland Road Transport Ltd. (2022) 286 Taxman 613 (Cal.)(HC)
S. 68 : Cash credits-Unsecured loans-Established genuineness and credit worthiness-Deletion of addition was justified.