DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, KOLLAM, KOLLAM vs. VRINDAVAN BUILDERS PRIVATE LIMITED, PATHANAMTHITTA

In the result, the appeals filed by the assessee for assessment years 2012-13 to 2017-18 are allowed and the appeals filed by Revenue for assessment years 2013-14 to 2017-18 are dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Soundararajan K., Jm

68 of the Act. Since the identity, genuineness and creditworthiness of the transaction are proved, not addition is required to be made. 15. On the other hand, the ld. CIT-DR seriously opposed the above submissions. 16. We heard the rival submissions and perused the material on record. Now we shall take up ground of appeal No. 1 challenging