https://www.taxtmi.com/caselaws?id=237757 The High Court dismissed the Tax Appeal challenging the deletion of a cash credit from Kakani Enterprise. The Court found no error in the authorities' conclusions, stating the issue was primarily factual with no legal question. The Tribunal upheld the deletion of the cash credit based on the genuine nature of the credits from Kakani Enterprise, deposited from sister-concerns before issuing cheques. However, the Tribunal directed re-adjudication on loans from parties of Pittaliya Group due to insufficient discussion on the source of credits. en-us Tue, 12 Feb 2013 00:00:00 +0530 Mon, 07 Oct 2013 21:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237757 The High Court dismissed the Tax Appeal challenging the deletion of a cash credit from Kakani Enterprise. The Court found no error in the authorities' conclusions, stating the issue was primarily factual with no legal question. The Tribunal upheld the deletion of the cash credit based on the genuine nature of the credits from Kakani Enterprise, deposited from sister-concerns before issuing cheques. However, the Tribunal directed re-adjudication on loans from parties of Pittaliya Group due to insufficient discussion on the source of credits. Case-Laws Income Tax Tue, 12 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237757