https://www.taxtmi.com/caselaws?id=247919 The ITAT allowed the appeal, ruling that the addition of Rs.1,00,000 under section 68 of the Act was invalid as no fresh cash credit was identified in the relevant year, overturning the CIT(A)'s decision. The court emphasized that the amount in question was related to a previous year and did not warrant classification as unexplained cash credit. en-us Wed, 30 Apr 2014 00:00:00 +0530 Tue, 27 May 2014 10:10:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247919 The ITAT allowed the appeal, ruling that the addition of Rs.1,00,000 under section 68 of the Act was invalid as no fresh cash credit was identified in the relevant year, overturning the CIT(A)'s decision. The court emphasized that the amount in question was related to a previous year and did not warrant classification as unexplained cash credit. Case-Laws Income Tax Wed, 30 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247919