2010 (8) TMI 36

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..... For the Respondents: Piyush Kaushik, Adv. MANMOHAN, J: 1. For the reasons stated in the application, delay in re-filing the appeal is condoned. 2. Accordingly, application stands disposed of. ITA 989/2010 3. The present appeal has been filed under Section 260A of the Income Tax Act, 1961  (hereinafter referred to as "Act, 1961") challenging the order dated 29th July, 2009 ....

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....ound that the assessee had produced substantial evidence to establish the identity and creditworthiness of Mrs. Shakuntala Devi. In fact, the CIT(A) in its order deleting the addition has observed as under :- "5.2 I have examined the remand report furnished by the A.O. as well as the submission filed by the AR of the appellant vide his letter dated 11.06.2005 and rejoinder dated 02.01.200....

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.... 10,00,000/- 06.12.2000 521997 20,00,000/- 30.12.2000 349910 20,00,000/- 07.02.2001 86946 10,00,000/- 06.03.2001 349958 10,00,000/- 14.03.2001 349966 10,00,000/- 17.03.2001 349970 10,00,000/- It is also seen from the bank statement that most of the money deposited in M/s. S.K. Land and Finance Co. is credited by way of transfer or c....

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....ed order has observed as under:- "7. We have heard the rival contentions and perused the material available on record. The facts have been narrated above. In our view the assessee produced substantial evidence to establish the identity and credit worthiness of Smt. Shakuntla Devi, genuineness of share application is also manifest from record. Therefore, non-production of Smt. Shakuntla De....