https://www.taxtmi.com/caselaws?id=251677 The Court set aside the Tribunal's order and restored the Assessment Officer's decision, ruling in favor of the Revenue and against the assessee. The Court found that the identity, creditworthiness, and genuineness of the transactions were not adequately established, emphasizing the insufficiency of evidence provided by the assessee. The appeal was disposed of with no costs. en-us Tue, 16 Sep 2014 00:00:00 +0530 Thu, 14 May 2015 18:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251677 The Court set aside the Tribunal's order and restored the Assessment Officer's decision, ruling in favor of the Revenue and against the assessee. The Court found that the identity, creditworthiness, and genuineness of the transactions were not adequately established, emphasizing the insufficiency of evidence provided by the assessee. The appeal was disposed of with no costs. Case-Laws Income Tax Tue, 16 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251677