https://www.taxtmi.com/caselaws?id=248348 The Tribunal dismissed both appeals by the Revenue, upholding the CIT(A)'s decisions in both cases. The appellant successfully provided evidence, including bank statements and income tax acknowledgments, to prove the genuineness of transactions and the creditworthiness of parties regarding unexplained cash credits under section 68 of the Income Tax Act. The Tribunal emphasized the importance of producing relevant evidence in such cases. en-us Fri, 23 May 2014 00:00:00 +0530 Tue, 10 Jun 2014 08:52:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248348 The Tribunal dismissed both appeals by the Revenue, upholding the CIT(A)'s decisions in both cases. The appellant successfully provided evidence, including bank statements and income tax acknowledgments, to prove the genuineness of transactions and the creditworthiness of parties regarding unexplained cash credits under section 68 of the Income Tax Act. The Tribunal emphasized the importance of producing relevant evidence in such cases. Case-Laws Income Tax Fri, 23 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248348