https://www.taxtmi.com/caselaws?id=263778 The Tribunal upheld the addition of Rs. 95,07,316 for unexplained cash credits under Section 68 of the Income Tax Act for Assessment Year 2006-07, citing discrepancies and lack of evidence for certain creditors. The Tribunal partially allowed the appeal for Assessment Year 2009-10, directing the assessee to substantiate the identity, creditworthiness, and genuineness of the transactions by producing the loan creditors for verification without further notices or summons from the AO. en-us Wed, 26 Aug 2015 00:00:00 +0530 Wed, 09 Sep 2015 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263778 The Tribunal upheld the addition of Rs. 95,07,316 for unexplained cash credits under Section 68 of the Income Tax Act for Assessment Year 2006-07, citing discrepancies and lack of evidence for certain creditors. The Tribunal partially allowed the appeal for Assessment Year 2009-10, directing the assessee to substantiate the identity, creditworthiness, and genuineness of the transactions by producing the loan creditors for verification without further notices or summons from the AO. Case-Laws Income Tax Wed, 26 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263778