Addition of unexplained cash credit u/s 68 not sustained as nature and source explained

ITO Vs Finwiz Capital Services Pvt Ltd (ITAT Delhi) ITAT Delhi held that addition towards unexplained cash credit under section 68 of the Income Tax Act unsustainable as nature and source of credit duly explained by the assessee. Facts- The assessment of the assessee was reopened vide issuance of notice u/s 148 of the Income Tax Act. It was concluded that Shri R N Aggarwal had no actual business transactions with the assessee and credit entries including cash deposits appearing in the bank accounts of M/s Sidh Trading Agency, M/s Pride Trade Agency and M/s R.N. Aggarwal & Co. are nothing b...