https://www.taxtmi.com/caselaws?id=256533 The Tribunal upheld the Ld. CIT(A)'s decision to delete the addition of unexplained cash credit under section 68 of the Income Tax Act. The Tribunal found no infirmity in the decision, stating that the share application money was properly explained by the assessee. The appeal filed by the Revenue was dismissed. The judgment emphasized the importance of concrete evidence and proper documentation in proving the identity and genuineness of transactions to avoid additions based on conjecture. en-us Fri, 30 Jan 2015 00:00:00 +0530 Mon, 16 Feb 2015 09:52:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256533 The Tribunal upheld the Ld. CIT(A)'s decision to delete the addition of unexplained cash credit under section 68 of the Income Tax Act. The Tribunal found no infirmity in the decision, stating that the share application money was properly explained by the assessee. The appeal filed by the Revenue was dismissed. The judgment emphasized the importance of concrete evidence and proper documentation in proving the identity and genuineness of transactions to avoid additions based on conjecture. Case-Laws Income Tax Fri, 30 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256533