https://www.taxtmi.com/caselaws?id=267162 The Tribunal dismissed the revenue's appeal, upholding the decisions of the ld. CIT(A) regarding the addition of cash credits under Sec. 68 of the Act. The Tribunal emphasized that the unsecured cash credits were old and did not pertain to the relevant assessment year, leading to the deletion of the sum. Additionally, the Tribunal supported the ld. CIT(A)'s decision to consider additional evidences in the form of confirmation letters and upheld the disallowance of interest paid to creditors due to lack of evidence proving the payments were not genuine or legitimate. en-us Mon, 07 Sep 2015 00:00:00 +0530 Fri, 20 Feb 2026 16:09:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267162 The Tribunal dismissed the revenue's appeal, upholding the decisions of the ld. CIT(A) regarding the addition of cash credits under Sec. 68 of the Act. The Tribunal emphasized that the unsecured cash credits were old and did not pertain to the relevant assessment year, leading to the deletion of the sum. Additionally, the Tribunal supported the ld. CIT(A)'s decision to consider additional evidences in the form of confirmation letters and upheld the disallowance of interest paid to creditors due to lack of evidence proving the payments were not genuine or legitimate. Case-Laws Income Tax Mon, 07 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267162