https://www.taxtmi.com/caselaws?id=253359 The case involved the deletion of an addition made on account of unexplained cash credit under Section 68 of the Income Tax Act. The Assessing Officer added Rs. 85,89,500/- as unexplained cash credit, which was later deleted by the Commissioner of Income Tax (Appeals). The Revenue's appeal was partly allowed, sustaining the addition of Rs. 7,79,500/- while deleting the remaining amount. The Tribunal found that the assessee provided evidence for a portion of the amount but failed to do so for the rest, leading to the partial deletion of the addition. en-us Fri, 17 Oct 2014 00:00:00 +0530 Sat, 22 Nov 2014 08:27:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253359 The case involved the deletion of an addition made on account of unexplained cash credit under Section 68 of the Income Tax Act. The Assessing Officer added Rs. 85,89,500/- as unexplained cash credit, which was later deleted by the Commissioner of Income Tax (Appeals). The Revenue's appeal was partly allowed, sustaining the addition of Rs. 7,79,500/- while deleting the remaining amount. The Tribunal found that the assessee provided evidence for a portion of the amount but failed to do so for the rest, leading to the partial deletion of the addition. Case-Laws Income Tax Fri, 17 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253359