https://www.taxtmi.com/caselaws?id=170816 HC upheld the Tribunal's reversal of the AAC and set aside the assessment, finding no addition warranted for alleged cash credits. The Tribunal found the assessee had discharged the onus to explain the nature and source of the cash credits by producing confirmation letters, affidavits, full addresses, GIR numbers and PANs of creditors. Given that factual finding, the Tribunal correctly reversed the AAC's order and negated any enhancement by D.C. (Appeals) under section 251. en-us Fri, 28 Jan 2005 00:00:00 +0530 Tue, 30 Sep 2025 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170816 HC upheld the Tribunal's reversal of the AAC and set aside the assessment, finding no addition warranted for alleged cash credits. The Tribunal found the assessee had discharged the onus to explain the nature and source of the cash credits by producing confirmation letters, affidavits, full addresses, GIR numbers and PANs of creditors. Given that factual finding, the Tribunal correctly reversed the AAC's order and negated any enhancement by D.C. (Appeals) under section 251. Case-Laws Income Tax Fri, 28 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170816