https://www.taxtmi.com/caselaws?id=240641 The Tribunal allowed the Revenue's appeal for statistical purposes, remitting the matter back to the CIT(A) for fresh consideration. The Tribunal found that the assessee failed to prove the genuineness and creditworthiness of the transactions, emphasizing the need to establish not only the identity of the parties but also the genuineness of the transaction. en-us Fri, 18 Jan 2013 00:00:00 +0530 Mon, 09 Dec 2013 06:26:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240641 The Tribunal allowed the Revenue's appeal for statistical purposes, remitting the matter back to the CIT(A) for fresh consideration. The Tribunal found that the assessee failed to prove the genuineness and creditworthiness of the transactions, emphasizing the need to establish not only the identity of the parties but also the genuineness of the transaction. Case-Laws Income Tax Fri, 18 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240641