Ganeshi Lal & Sons And Anr. vs Income-Tax, Officer, A Ward And Ors. on 30 June, 1980
In view of the above facts and circumstances of the case, it is
noted that these three ingredients like identity, creditworthiness and
genuineness of the transactions are fulfilled in the case of the assessee as
6 ITA No. 1025/JP/2016
Shri Ganesh Lal Kumawat vs. ITO, Ward- 2(2), Jaipur .
Shri Gajendra Prasad had confirmed the payment of Rs. 8.50 lacs to the
assessee vide cheque no.726704 on 18-09-2007 against completion of
construction work of his house. Hence in such a situation, addition of Rs.
8.50 lacs confirmed by the ld. CIT(A) in the hands of the assessee u/s
69A of the Act is directed to be deleted. Thus the solitary ground of the
assessee is allowed.