ITR and Bank Statements are sufficient to prove creditworthiness under Section 68: ITAT

ITO Vs More Marketing Pvt. Ltd (ITAT Mumbai) Conclusion: In present facts of the case, the Hon’ble ITAT held that ITR and bank statements were sufficient to prove the genuinety and for creditworthiness under Section 68 of Income Tax Act. Facts: These appeals are filed by the Revenue against different orders of Ld.CIT(A) dated 28.03.2018 for the A.Y. 2013-14 & 2014-15. Brief facts of the case were that, assessee has filed its return of income on 29.09.2013 declaring total income of ₹.17,11,770/-. The same was processed u/s. 143(1) of Income-tax Act, 1961, notices u/s.143(2) and 142(1) o...