https://www.taxtmi.com/caselaws?id=251905 The High Court upheld the Tribunal's decision to delete the additions related to cash credit entries and bank transactions for the assessment year 2002-03. The Court emphasized the importance of thorough verification and adherence to procedural requirements in assessing such entries for income tax purposes. The appeal filed by the Department was ultimately dismissed at the admission stage, affirming the Tribunal's findings regarding the genuineness of the transactions and the credibility of the creditors involved. en-us Thu, 25 Sep 2014 00:00:00 +0530 Sat, 04 Oct 2014 07:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251905 The High Court upheld the Tribunal's decision to delete the additions related to cash credit entries and bank transactions for the assessment year 2002-03. The Court emphasized the importance of thorough verification and adherence to procedural requirements in assessing such entries for income tax purposes. The appeal filed by the Department was ultimately dismissed at the admission stage, affirming the Tribunal's findings regarding the genuineness of the transactions and the credibility of the creditors involved. Case-Laws Income Tax Thu, 25 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251905