M/S BLUE CITY TOWNSHIP & COLONIZERS,AMRITSAR. vs. THE INCOME TAX OFFICER,, AMRITSAR.
ITA 90/ASR/2017[2009-10]Status: DisposedITAT Amritsar14 Jul 2023AY 2009-10
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
Section 147Section 148Section 151Section 234ASection 69
391 ITR 11 (Delhi)
Section 68 of the Income-tax Act, 1961 - Cash credit (Share Application money)
- assessment year 2001-02 - Where assessee had furnished large amount of materials in form of documents to evidence genuineness of identity and transactions as well as creditworthiness of share applicants and other creditors and Assessing Officer did not conduct appropriate enquiry to conclude
