ACIT, NCC-11,, CHENNAI vs. SMT. DEVAKUMARI,, CHENNAI
In the result, the appeal filed by the assessee is partly allowed and the appeal of the Revenue is dismissed
ITA 3181/CHNY/2019[2014-15]Status: DisposedITAT Chennai13 Sept 2023AY 2014-15
Bench: Shri V. Durga Rao & Shri Manjunatha, G.आयकर अपील सं./I.T.A. No.3066/Chny/2019 िनधा"रण वष"/Assessment Year: 2014-15 Smt. Devakumari, Vs. The Assistant Commissioner Of No. 48, Venkata Maistry Street, Income Tax, Mannady, Chennai 600 001. Non Corporate Circle 11, Chennai. [Pan:Aagpd0150L] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. No.3181/Chny/2019 िनधा"रण वष"/Assessment Year: 2014-15 The Assistant Commissioner Of Vs. Smt. Devakumari, Income Tax, No. 48, Venkata Maistry Street, Non Corporate Circle 11(1), Mannady, Chennai 600 001. Chennai.
For Appellant: Shri N. Arjun Raj, CAFor Respondent: Shri D. Hema Bhupal, JCIT
Section 143(2)Section 143(3)Section 68
364. 6.4
Once the assessee has discharged the onus cast upon her with regard to identity of the creditors, their creditworthiness and genuineness of transactions, we are of the considered opinion that there would not be any case for the Department to treat the credits as unexplained under section 68 of the Act. Moreover, since the Department has accepted
