Allowing the appeal of the assessee the Tribunal held that the share investor has responded in response to notice u/s 133(6) of the Act, filed the confirmation and explained the source of investment. Accordingly the addition confirmed by the CIT(A) is deleted. (AY. 2015 -16)
Prime Comfort Products (P.) Ltd. v. ACIT (2019) 179 ITD 647 (Delhi)(Trib.)
S. 68 : Cash credits-Shares at premium-Confirmation is filed and source is explained–addition as cash credits is held to be not justified. [S. 133(6)]