https://www.taxtmi.com/caselaws?id=262020 The Tribunal ruled in favor of the appellant in both appeals, directing the Assessing Officer to delete the disputed addition of Rs. 3,00,000 as unexplained cash credit. The Tribunal found that there was no new material or substantial grounds to support the addition, emphasizing that previous assessments had adequately examined the genuineness of the loans. Consequently, the Tribunal held that the Assessing Officer's decision was unfounded and ordered the removal of the contested amount from the appellant's tax liability. en-us Tue, 30 Jun 2015 00:00:00 +0530 Thu, 30 Jul 2015 08:54:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262020 The Tribunal ruled in favor of the appellant in both appeals, directing the Assessing Officer to delete the disputed addition of Rs. 3,00,000 as unexplained cash credit. The Tribunal found that there was no new material or substantial grounds to support the addition, emphasizing that previous assessments had adequately examined the genuineness of the loans. Consequently, the Tribunal held that the Assessing Officer's decision was unfounded and ordered the removal of the contested amount from the appellant's tax liability. Case-Laws Income Tax Tue, 30 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262020