2018 (3) TMI 1085

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....STICE AKIL KURESHI) 1. Revenue is in appeal against the judgment of the Income Tax Appellate Tribunal dated 20.02.2017 raising following questions for our consideration: "1. Whether the Appellate Tribunal is right in law and on facts in deleting the addition of Rs. 1,20,21,020/- made on account of unexplained cash credit u/s. 68 of the Act? 2. Whether the Appellate Tribunal is....

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....convinced about the creditworthiness of the lenders. 3. Ultimately, when the issue reached the Tribunal, the Tribunal noted the materials on record and observed to the effect that if at all the inquiries had to be made by the Assessing Officer of such lenders. In short, the Tribunal was of the opinion that in the present case, the Assessing Officer was asking the assessee to prove the source of....