THE COMMISSIONER OF INCOME TAX AND ANR. vs. M/S GOLDSTONE CEMENTS LTD.
ITA/8/2022HC Gauhati16 Dec 2024
Bench: HONOURABLE MR. JUSTICE LANUSUNGKUM JAMIR,HONOURABLE MR. JUSTICE KAUSHIK GOSWAMI
For Respondent: Dr. A. Saraf, Senior Advocate
Section 132Section 153ASection 260ASection 68
unexplained. Having regard to the aforesaid facts, we find that not
only did the assessee discharge its onus of establishing the identity,
creditworthiness and genuineness of the transaction but even the
source of source of funds was explained.
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11.14 In light of the above, we now proceed to examine whether
the decision of the Hon'ble Supreme
