INCOME TAX OFFICER, WARD-1(1), BILASPUR vs. M/S JAYEM HOLDING PVT. LTD., BILASPUR

In the result, appeal filed by the department in ITA no

Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am

251 CTR 0058 the hon'ble Chhattisgarh High Court has held as under: - Cash credits—Genuineness of transaction and creditworthiness of creditors—Proof of—AO made addition under s. 68 on the ground that 27 creditors had not proved creditworthiness of creditors—CIT(A) and Tribunal deleted addition made by AO—Held, CIT(A) has examined all statements and depositions

NAVRATAN JEWELLERS, RAIPUR,RAIPUR vs. INCOME TAX OFFICER, WARD-4(1), RAIPUR, RAIPUR

Appeal of the assessee is allowed for statistical purposes, in terms of over aforesaid observations