https://www.taxtmi.com/caselaws?id=238098 The Income Tax Appellate Tribunal (ITAT) partly allowed the appeal. The addition under Section 68 for Rs. 3,55,000 was upheld due to insufficient evidence of creditworthiness. The addition of Rs. 40,54,400 was set aside and remanded to the Assessing Officer (AO) for further examination. The issue of Rs. 46,64,000 was already directed by the Commissioner of Income-tax (Appeals) (CIT(A)) for further investigation by the AO, and the ITAT rejected the ground of appeal as misplaced. en-us Wed, 12 Jun 2013 00:00:00 +0530 Tue, 15 Oct 2013 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238098 The Income Tax Appellate Tribunal (ITAT) partly allowed the appeal. The addition under Section 68 for Rs. 3,55,000 was upheld due to insufficient evidence of creditworthiness. The addition of Rs. 40,54,400 was set aside and remanded to the Assessing Officer (AO) for further examination. The issue of Rs. 46,64,000 was already directed by the Commissioner of Income-tax (Appeals) (CIT(A)) for further investigation by the AO, and the ITAT rejected the ground of appeal as misplaced. Case-Laws Income Tax Wed, 12 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238098