This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
ITAT Deletes Section 68 Addition: Assessee Proves Identity, Genuineness & Creditworthiness
Case Law Details
- Case Name
- Annuva Infrastructure Pvt. Ltd. Vs ITO (ITAT Nagpur)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Nagpur
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Annuva Infrastructure Pvt. Ltd. Vs ITO (ITAT Nagpur)
The Income Tax Appellate Tribunal (ITAT), Nagpur Bench, in the case of Annuva Infrastructure Pvt. Ltd. Vs. ITO, allowed the assessee’s appeal, deleting an addition of ₹15 lakh made under Section 68 of the Income-tax Act, 1961, regarding unexplained cash credits.
Background and Issue
The assessee, Annuva Infrastructure Pvt. Ltd., filed its return for the Assessment Year (A.Y.) 2011-12 declaring a loss. The case was subsequently reopened under Section 147 after a search conducted on Mr. Shirish C. Shah revealed that he was allegedly in...
