https://www.taxtmi.com/caselaws?id=122553 The Tribunal confirmed all additions made by the Assessing Officer, including Rs. 10,36,000 added as unexplained cash credit under section 68. The Tribunal emphasized the assessee's failure to prove the genuineness and creditworthiness of the transactions involving loans from individuals without bank accounts or tax assessments. Additionally, the disallowances of Rs. 47,508 for electricity charges, Rs. 13,820 for advertisement expenses, and Rs. 37,359 for mill expenses were upheld, with the Tribunal finding no grounds to overturn the CIT(A)'s decisions. The appeal by the assessee was dismissed. en-us Fri, 18 Dec 2009 00:00:00 +0530 Tue, 14 Aug 2012 15:58:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122553 The Tribunal confirmed all additions made by the Assessing Officer, including Rs. 10,36,000 added as unexplained cash credit under section 68. The Tribunal emphasized the assessee's failure to prove the genuineness and creditworthiness of the transactions involving loans from individuals without bank accounts or tax assessments. Additionally, the disallowances of Rs. 47,508 for electricity charges, Rs. 13,820 for advertisement expenses, and Rs. 37,359 for mill expenses were upheld, with the Tribunal finding no grounds to overturn the CIT(A)'s decisions. The appeal by the assessee was dismissed. Case-Laws Income Tax Fri, 18 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122553