https://www.taxtmi.com/caselaws?id=68501 The Tribunal dismissed the Revenue's appeal and allowed the assessee's appeal. It upheld the deletion of additions of Rs. 22,075 and Rs. 4,000, finding the AO's conclusions unjustified and based on assumptions. Additionally, the Tribunal deleted the addition of Rs. 80,000 as unexplained cash credit, as the assessee successfully proved the identity, creditworthiness, and genuineness of the transaction. en-us Wed, 12 May 2004 00:00:00 +0530 Wed, 01 Aug 2012 00:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68501 The Tribunal dismissed the Revenue's appeal and allowed the assessee's appeal. It upheld the deletion of additions of Rs. 22,075 and Rs. 4,000, finding the AO's conclusions unjustified and based on assumptions. Additionally, the Tribunal deleted the addition of Rs. 80,000 as unexplained cash credit, as the assessee successfully proved the identity, creditworthiness, and genuineness of the transaction. Case-Laws Income Tax Wed, 12 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68501