2005 (9) TMI 686

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....RAL ORDER Mr. D.A.Mehta 1.In all these appeals, the appellant revenue has proposed the following common question stated to arise from the respective orders of Tribunal. Hence, all the appeals are heard together. "Whether the Appellate Tribunal was right in law and on facts in deleting the addition on account of cash credits u/s 68 of the Income Tax Act, 1961, on the ground of only b....

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....ls) had rightly deleted the addition based on appreciation of evidence on record and after taking into consideration the ratio of the Apex Court decision in case of C.I.T. v. Orissa Corporation Pvt. Ltd., 159 ITR 78 as well as this High Court in case of D.C.I.T. v. Rohini Builders, 256 ITR 360. It is found from the record that the creditors have advanced the monies through bank and placed evidence....