PCIT v. Satkar Infrastructure (P.) Ltd. (2023) 290 Taxman 400 (Delhi)(HC)

S. 68 : Cash credits-Share premium and share capital-Identity creditworthiness and genuineness of transactions were established-Order of Tribunal affirmed. [S. 260A]

Dismissing the appeal of the Revenue the Court held the assessee had established the  Identity, creditworthiness and genuineness of transactions. Appellate authorities also recorded that the entire amount had been received by assessee by account payee cheques or demand drafts.  Order of Tribunal affirmed  (AY. 2012-13)