Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
On the facts and in the circumstances of the case, the ld.CIT(A) has erred in deleting the addition of Rs.15,00,000/- made by the Assessing Officer u/s 68 of I.T.Act, 1961 in respect of unexplained cash credits without appreciating the fact that the assessee has failed to discharge its onus as required u/s 68 of I.T.Act, 1961 and did not file any documentary evidence to establish the genuineness of the transactions, confirmations and credit worthiness of the companies.
Citation :
Assistant Commissioner of Income Tax, Central Circle-13, New Delhi.Appellant Vs. M/s Northern Strips Limited, 1, Central Market, West Avenue Road, West Punjabi Bagh, New Delhi.PAN: AAACN0642C. (Respondent)
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