https://www.taxtmi.com/caselaws?id=214798 The Tribunal confirmed the addition of Rs. 10,10,000 out of the total Rs. 43,80,000 unexplained cash credit, as the appellant failed to prove the creditworthiness and genuineness of certain loans. The remaining addition of Rs. 33,70,000 was deleted by the CIT(A) after finding sufficient evidence to establish the identity, creditworthiness, and genuineness of those transactions. The Revenue's appeal was partly allowed. en-us Fri, 22 Jun 2012 00:00:00 +0530 Tue, 10 Jul 2012 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214798 The Tribunal confirmed the addition of Rs. 10,10,000 out of the total Rs. 43,80,000 unexplained cash credit, as the appellant failed to prove the creditworthiness and genuineness of certain loans. The remaining addition of Rs. 33,70,000 was deleted by the CIT(A) after finding sufficient evidence to establish the identity, creditworthiness, and genuineness of those transactions. The Revenue's appeal was partly allowed. Case-Laws Income Tax Fri, 22 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214798