2018 (11) TMI 1492

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..... specific affidavits filed by them. On the other hand, no other evidence was produced by the appellant herein to show that cash was paid by the Company to Shri Praveen Kumar Jain or any other person for accommodating the entries. In these circumstances, we find that the assessee succeeded in proving its identity and bonafide of the shares and the transactions. Thus, it being a pure question of .....

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..... , A.O. treated the amount of ₹ 1,87,00,000/- as unexplained income. This is borne out from the fact that Shri Praveen Kumar Jain had accepted cash from the Assessee Company and after deducting his commission was issued the cheque for the amount as per the requirement of the Assessee Company. Thus, the decision of the Tribunal deleting the addition made on account of unexplained credit and .....

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..... d by them. On the other hand, no other evidence was produced by the appellant herein to show that cash was paid by the Company to Shri Praveen Kumar Jain or any other person for accommodating the entries. In these circumstances, we find that the assessee succeeded in proving its identity and bonafide of the shares and the transactions. Thus, it being a pure question of fact, we find no reason t .....

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