Prarthana Gems v. Dy. CIT (2024)116 ITR 49 (SN)/ 2025] 210 ITD 158 (Surat)(Trib)

S. 68 : Cash credits-Identity and creditworthiness is established-Addition is deleted.

Held that the assessee has furnished identity of lender to prove genuineness of transaction, payment of loan by cheque,  filed  Permanent Account Number, income-tax return and confirmation from lender and source of credit. Addition is deleted. (AY.2016-17)

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