https://www.taxtmi.com/caselaws?id=172474 The HC remanded the case to the ITAT for further examination of the creditworthiness of the creditors and the genuineness of the transactions concerning the addition of Rs. 5,87,27,000 under section 68 of the Income-tax Act, 1961. The ITAT had previously deleted the addition, but the HC emphasized the need for a detailed inquiry into these aspects. Both parties were instructed to appear before the Tribunal on a specified date for additional proceedings, resulting in the disposal of the current appeal. en-us Mon, 30 Jul 2007 00:00:00 +0530 Mon, 15 Jan 2024 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172474 The HC remanded the case to the ITAT for further examination of the creditworthiness of the creditors and the genuineness of the transactions concerning the addition of Rs. 5,87,27,000 under section 68 of the Income-tax Act, 1961. The ITAT had previously deleted the addition, but the HC emphasized the need for a detailed inquiry into these aspects. Both parties were instructed to appear before the Tribunal on a specified date for additional proceedings, resulting in the disposal of the current appeal. Case-Laws Income Tax Mon, 30 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172474