Pr. CIT v. Nucleus Steel (P.) Ltd. (2025) 303 Taxman 58 (Delhi)(HC)

S. 68 : Cash credits-Advance against sale of land-Creditworthiness not in doubt-Flaw in the document cannot justify the addition-Order of Tribunal deleting the addition is affirmed.[S.260A]

Assessee received certain amount from buyer Unitech Ltd  as advance for land.AO treated it as unexplained due to irregularity in stamp paper date. CIT(A) and ITAT found identity, creditworthiness, and genuineness proved. High Court  held flaw in documentation alone cannot justify addition when transaction is tax neutral and source undisputed. Appeal of revenue dismissed. (AY. 2010-11)

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