https://www.taxtmi.com/caselaws?id=178770 The High Court upheld the decision to dismiss the revenue's appeal against the deletion of an addition of income made by the Assessing Officer under section 68 of the Income-tax Act for the Assessment Year 2000-01. The Court found no substantial question of law as the Commissioner and Tribunal had made factual findings in favor of the assessee, who successfully proved the genuineness of transactions and creditworthiness of the creditor. The revenue failed to counter the additional evidence presented by the assessee, leading to the dismissal of the appeal. en-us Thu, 02 Feb 2012 00:00:00 +0530 Fri, 12 Feb 2016 12:17:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178770 The High Court upheld the decision to dismiss the revenue's appeal against the deletion of an addition of income made by the Assessing Officer under section 68 of the Income-tax Act for the Assessment Year 2000-01. The Court found no substantial question of law as the Commissioner and Tribunal had made factual findings in favor of the assessee, who successfully proved the genuineness of transactions and creditworthiness of the creditor. The revenue failed to counter the additional evidence presented by the assessee, leading to the dismissal of the appeal. Case-Laws Income Tax Thu, 02 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178770