https://www.taxtmi.com/caselaws?id=241538 The High Court reviewed the Tribunal's findings regarding a cash credit in the name of an individual under the Income Tax Act, 1961. The Court emphasized the importance of substantial evidence over bare suspicions in assessment orders, ultimately ruling in favor of the assessee. The judgment highlighted the need for concrete evidence to support assessment orders and underscored the significance of establishing business relations and avoiding assessments based solely on suspicions. en-us Fri, 12 Apr 2013 00:00:00 +0530 Thu, 26 Dec 2013 08:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241538 The High Court reviewed the Tribunal's findings regarding a cash credit in the name of an individual under the Income Tax Act, 1961. The Court emphasized the importance of substantial evidence over bare suspicions in assessment orders, ultimately ruling in favor of the assessee. The judgment highlighted the need for concrete evidence to support assessment orders and underscored the significance of establishing business relations and avoiding assessments based solely on suspicions. Case-Laws Income Tax Fri, 12 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241538