https://www.taxtmi.com/caselaws?id=238241 The Tribunal upheld the deletion of additions made by the AO in two issues. Firstly, the addition of Rs.15 lac as unexplained cash credit was justified based on evidence proving the genuineness of the transaction. Secondly, the deletion of Rs.81,60,000 as unexplained investment was upheld due to the lack of legal basis for treating 80% of total investment as made in the relevant year. The Tribunal found the evidence presented by the assessee to be substantial and conclusive, leading to the dismissal of the appeal. en-us Fri, 11 Oct 2013 00:00:00 +0530 Fri, 18 Oct 2013 22:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238241 The Tribunal upheld the deletion of additions made by the AO in two issues. Firstly, the addition of Rs.15 lac as unexplained cash credit was justified based on evidence proving the genuineness of the transaction. Secondly, the deletion of Rs.81,60,000 as unexplained investment was upheld due to the lack of legal basis for treating 80% of total investment as made in the relevant year. The Tribunal found the evidence presented by the assessee to be substantial and conclusive, leading to the dismissal of the appeal. Case-Laws Income Tax Fri, 11 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238241