Addition unsustainable once onus adequately discharged by assessee

Gold Finch Jewellery Ltd Vs DCIT (ITAT Ahmedabad) ITAT Ahmedabad held that addition solely on the basis of investigation wing report unsustainable as onus was discharged by the assessee as PAN card and bank statements were duly submitted Facts- During the Course of survey proceedings, it was found that during the year under consideration the assessee has introduced share capital on fictitious name and in the name of companies and entities who was not having financial capabilities for such investment. During post survey inquiry, these entities had accepted the fact that they were only involved...