https://www.taxtmi.com/caselaws?id=222115 The ITAT dismissed the Revenue's appeal, upholding the deletion of additions made by the AO regarding unexplained cash credits totaling Rs.22,30,000 for A.Y. 2007-08. The appellant successfully proved the sources of the credits through detailed explanations and evidence, leading to the CIT(A) deleting the additions. The ITAT affirmed that the appellant's own funds were involved in the transactions with Tanishq Hotel Limited, and further explanation or confirmation with PAN No. was not required. en-us Fri, 15 Feb 2013 00:00:00 +0530 Mon, 15 Apr 2013 11:43:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=222115 The ITAT dismissed the Revenue's appeal, upholding the deletion of additions made by the AO regarding unexplained cash credits totaling Rs.22,30,000 for A.Y. 2007-08. The appellant successfully proved the sources of the credits through detailed explanations and evidence, leading to the CIT(A) deleting the additions. The ITAT affirmed that the appellant's own funds were involved in the transactions with Tanishq Hotel Limited, and further explanation or confirmation with PAN No. was not required. Case-Laws Income Tax Fri, 15 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=222115