https://www.taxtmi.com/caselaws?id=215117 The Tribunal upheld the deletions made by the Ld. Commissioner of Income Tax (Appeals) regarding unexplained cash credits under Sections 68 and 69 of the Income Tax Act. The Tribunal found that the amounts were not unexplained cash credits as they were opening balances and were supported by evidence of regular business dealings and cheque payments in previous financial years. The Tribunal dismissed the Revenue's appeal, confirming the genuineness of the transactions and the Commissioner's decisions. en-us Fri, 25 May 2012 00:00:00 +0530 Wed, 18 Jul 2012 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215117 The Tribunal upheld the deletions made by the Ld. Commissioner of Income Tax (Appeals) regarding unexplained cash credits under Sections 68 and 69 of the Income Tax Act. The Tribunal found that the amounts were not unexplained cash credits as they were opening balances and were supported by evidence of regular business dealings and cheque payments in previous financial years. The Tribunal dismissed the Revenue's appeal, confirming the genuineness of the transactions and the Commissioner's decisions. Case-Laws Income Tax Fri, 25 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215117