https://www.taxtmi.com/caselaws?id=240707 HC held that the CIT(A) was justified in accepting the genuineness of the cash credit and the creditworthiness of the lender. The loan was repaid by the assessee in the immediately succeeding financial year, and the Department accepted the repayment without further probing. Consequently, the claim was allowed and the appeal by Revenue was dismissed. en-us Mon, 02 Dec 2013 00:00:00 +0530 Fri, 19 Sep 2025 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240707 HC held that the CIT(A) was justified in accepting the genuineness of the cash credit and the creditworthiness of the lender. The loan was repaid by the assessee in the immediately succeeding financial year, and the Department accepted the repayment without further probing. Consequently, the claim was allowed and the appeal by Revenue was dismissed. Case-Laws Income Tax Mon, 02 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240707