https://www.taxtmi.com/caselaws?id=242910 The Tribunal upheld the deletion of Rs.45,30,500/- added for unexplained cash credits, as the assessee proved the genuineness of the loans through brokers. The deletion of 50% interest amounting to Rs.4,27,130/- was also upheld. However, the confirmation of Rs.6,75,000/- as unexplained cash credits was upheld due to lack of necessary details. The Tribunal condoned the delay in filing the cross objection, dismissing both the departmental appeal and the cross objection. en-us Fri, 29 Nov 2013 00:00:00 +0530 Thu, 23 Jan 2014 06:59:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242910 The Tribunal upheld the deletion of Rs.45,30,500/- added for unexplained cash credits, as the assessee proved the genuineness of the loans through brokers. The deletion of 50% interest amounting to Rs.4,27,130/- was also upheld. However, the confirmation of Rs.6,75,000/- as unexplained cash credits was upheld due to lack of necessary details. The Tribunal condoned the delay in filing the cross objection, dismissing both the departmental appeal and the cross objection. Case-Laws Income Tax Fri, 29 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242910