PRINCIPAL COMMISSIONER OF INCOME TAX, SILIGURI vs. SRI SATYA NARAYAN SARIA
In the result, these appeals are allowed and the substantial
ITAT/168/2021HC Calcutta14 Jun 2022
Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE HIRANMAY BHATTACHARYYA
gain as an unexplained cash credit and that the assessee
has fully and truly disclosed all facts with all supporting evidence and the
entire transaction having been done through proper banking channel and
supported by proper bills and contract notes, it stand fully explained and the
entire transaction is verifiable with agencies to prove that assessee has
transacted and therefore
