Appeal allowed: employer credits treated as salary, not deemed dividend under s.2(22)(e); s.68 and s.69A additions deleted

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....ITAT allowed the assessee's appeal, holding that amounts credited by the employer company constituted salary and not deemed dividend under s. 2(22)(e), and therefore no addition was warranted; the tribunal accepted the assessee's filed return and computation as evidence of salary receipt. The tribunal further held that additions under s. 68 (and s. 69A) for unexplained cash credits were unjustified where the assessee adduced an explanation and the AO failed to discharge the evidentiary burden to the contrary, and accordingly deleted those additions. Net result: all contested additions were deleted and the appeal was allowed in favour of the assessee.....