Dismissing the appeal of the revenue the Court held that the assessee established the identity of the depositor, genuineness of the transaction and submitted sufficient material. Accordingly affirmed the order of the Tribunal. (AY. 2010-11)
PCIT v. Reliable Express (2018) 168 DTR 337 / 101 CCH 402 (MP.)(HC)
S. 68 : Cash credits – Identity of the depositor, genuineness of the transaction- Onus discharged – Deletion of addition is held to be justified.