https://www.taxtmi.com/caselaws?id=216374 The Tribunal found in favor of the appellant, deleting the additions of unexplained creditors made by the Assessing Officer. The Tribunal determined that the transactions were genuine, supported by proper documentation, and did not represent income for the relevant year. Consequently, the additions were deemed unsustainable, and the appellant was relieved of the amounts added. Additionally, the Tribunal allowed the appeal regarding the levy of interest under section 234B, providing further relief to the assessee. en-us Fri, 22 Jun 2012 00:00:00 +0530 Tue, 21 Aug 2012 18:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216374 The Tribunal found in favor of the appellant, deleting the additions of unexplained creditors made by the Assessing Officer. The Tribunal determined that the transactions were genuine, supported by proper documentation, and did not represent income for the relevant year. Consequently, the additions were deemed unsustainable, and the appellant was relieved of the amounts added. Additionally, the Tribunal allowed the appeal regarding the levy of interest under section 234B, providing further relief to the assessee. Case-Laws Income Tax Fri, 22 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216374