https://www.taxtmi.com/caselaws?id=252124 The Tribunal set aside the CIT(A)'s order and restored the AO's addition of Rs. 95,10,000 as unexplained cash credit to the assessee's income. The Tribunal found inconsistencies in the affidavits and transactions, indicating that the share subscriptions were not genuine. As a result, the assessee failed to establish the creditworthiness of the subscribers, leading to the restoration of the AO's addition. The appeal of the Revenue was allowed. en-us Wed, 17 Sep 2014 00:00:00 +0530 Fri, 26 Sep 2014 18:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252124 The Tribunal set aside the CIT(A)'s order and restored the AO's addition of Rs. 95,10,000 as unexplained cash credit to the assessee's income. The Tribunal found inconsistencies in the affidavits and transactions, indicating that the share subscriptions were not genuine. As a result, the assessee failed to establish the creditworthiness of the subscribers, leading to the restoration of the AO's addition. The appeal of the Revenue was allowed. Case-Laws Income Tax Wed, 17 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252124