https://www.taxtmi.com/caselaws?id=216128 The High Court upheld the Tribunal's decision to remand the matter for further consideration regarding the deletion of an addition under section 68 of the Income Tax Act. The Court found no substantial question of law, agreeing with the Tribunal's assessment of the interconnected nature of transactions and the availability of confirmation for a portion of the loan amount. The appeal was dismissed, affirming the importance of evaluating all evidence to ascertain the genuineness of loan credits under section 68. en-us Tue, 12 Jun 2012 00:00:00 +0530 Sat, 25 Aug 2012 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216128 The High Court upheld the Tribunal's decision to remand the matter for further consideration regarding the deletion of an addition under section 68 of the Income Tax Act. The Court found no substantial question of law, agreeing with the Tribunal's assessment of the interconnected nature of transactions and the availability of confirmation for a portion of the loan amount. The appeal was dismissed, affirming the importance of evaluating all evidence to ascertain the genuineness of loan credits under section 68. Case-Laws Income Tax Tue, 12 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216128