https://www.taxtmi.com/caselaws?id=255413 The High Court upheld the decision of the Tribunal and Commissioner of Income Tax (Appeals) to delete the addition towards unexplained cash credit in the appellant's income for the assessment year 2008-09. The Court found that the appellant had made genuine payments to creditors in the subsequent year, supported by evidence of payments through banking channels. After thorough examination of the transactions, the Court dismissed the Revenue's appeal, concluding that no substantial question of law arose from the case. en-us Mon, 22 Dec 2014 00:00:00 +0530 Fri, 16 Jan 2015 08:14:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255413 The High Court upheld the decision of the Tribunal and Commissioner of Income Tax (Appeals) to delete the addition towards unexplained cash credit in the appellant's income for the assessment year 2008-09. The Court found that the appellant had made genuine payments to creditors in the subsequent year, supported by evidence of payments through banking channels. After thorough examination of the transactions, the Court dismissed the Revenue's appeal, concluding that no substantial question of law arose from the case. Case-Laws Income Tax Mon, 22 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255413