https://www.taxtmi.com/caselaws?id=122661 The Third Member ruled in favor of the assessee, deleting the additions under section 68 for the assessment years 2004-05 and 2005-06, as well as the addition on account of reimbursement of expenses to M/s. Cox & King (India) (P.) Ltd. and M/s. Tulip Star Hotels (P.) Ltd. The Third Member found that the assessee had sufficiently established the identity, creditworthiness, and genuineness of the transactions, and since the expenses were not claimed as deductions, the addition was deemed unjustified and was deleted. The matter was referred to the regular Bench for further proceedings. en-us Fri, 27 Nov 2009 00:00:00 +0530 Thu, 16 Aug 2012 13:16:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122661 The Third Member ruled in favor of the assessee, deleting the additions under section 68 for the assessment years 2004-05 and 2005-06, as well as the addition on account of reimbursement of expenses to M/s. Cox & King (India) (P.) Ltd. and M/s. Tulip Star Hotels (P.) Ltd. The Third Member found that the assessee had sufficiently established the identity, creditworthiness, and genuineness of the transactions, and since the expenses were not claimed as deductions, the addition was deemed unjustified and was deleted. The matter was referred to the regular Bench for further proceedings. Case-Laws Income Tax Fri, 27 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122661