Tribunal gets flak from HC for deleting sec. 68 addition without examining identity and creditworthiness of creditors

The High Court of Delhi held that where it was alleged that on-money received in cash by real estate companies from flat purchasers was routed back in those companies in form of share capital/ unsecured loans, etc. using assessee as a conduit, unless identity and creditworthiness of concerned
fund owner were confirmed, addition made in hands of assessee could not be deleted.