https://www.taxtmi.com/caselaws?id=179384 The Tribunal upheld the CIT (A)'s decision to delete the addition of Rs. 18,07,000 on account of unexplained cash credit under section 68 of the Income Tax Act, citing the assessee's provision of sufficient evidence establishing the identity of share applicants. However, the Tribunal confirmed the addition of Rs. 2,99,950 out of Rs. 38,49,950 regarding unsecured loans, as the genuineness of loans from two parties was not adequately proven. The Tribunal dismissed both the Revenue's appeal and the assessee's cross-objection, affirming the CIT (A)'s order in full. en-us Fri, 07 Sep 2012 00:00:00 +0530 Mon, 29 Feb 2016 10:43:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179384 The Tribunal upheld the CIT (A)'s decision to delete the addition of Rs. 18,07,000 on account of unexplained cash credit under section 68 of the Income Tax Act, citing the assessee's provision of sufficient evidence establishing the identity of share applicants. However, the Tribunal confirmed the addition of Rs. 2,99,950 out of Rs. 38,49,950 regarding unsecured loans, as the genuineness of loans from two parties was not adequately proven. The Tribunal dismissed both the Revenue's appeal and the assessee's cross-objection, affirming the CIT (A)'s order in full. Case-Laws Income Tax Fri, 07 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179384