https://www.taxtmi.com/caselaws?id=271409 The Tribunal upheld the Ld. CIT(A)'s decision to delete the addition made under section 68 of the Income Tax Act, affirming that the assessee had sufficiently proven the genuineness of transactions through documentary evidence. The Tribunal dismissed the Revenue's appeal, emphasizing the importance of establishing the identity, creditworthiness, and genuineness of transactions, in line with relevant legal precedents and the principles laid down in previous High Court judgments. en-us Wed, 18 Nov 2015 00:00:00 +0530 Thu, 04 Feb 2016 07:02:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271409 The Tribunal upheld the Ld. CIT(A)'s decision to delete the addition made under section 68 of the Income Tax Act, affirming that the assessee had sufficiently proven the genuineness of transactions through documentary evidence. The Tribunal dismissed the Revenue's appeal, emphasizing the importance of establishing the identity, creditworthiness, and genuineness of transactions, in line with relevant legal precedents and the principles laid down in previous High Court judgments. Case-Laws Income Tax Wed, 18 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271409