https://www.taxtmi.com/caselaws?id=272232 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal. The amounts credited to the assessee's personal accounts were not unexplained credits under section 68 of the Income Tax Act, as the assessee demonstrated the identity and genuineness of the transactions, and the creditworthiness of the creditors was not in question. The CIT(A)'s deletion of the addition made under section 68 was affirmed, and the appeal was dismissed. en-us Fri, 22 Jan 2016 00:00:00 +0530 Wed, 02 Mar 2016 08:42:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272232 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal. The amounts credited to the assessee's personal accounts were not unexplained credits under section 68 of the Income Tax Act, as the assessee demonstrated the identity and genuineness of the transactions, and the creditworthiness of the creditors was not in question. The CIT(A)'s deletion of the addition made under section 68 was affirmed, and the appeal was dismissed. Case-Laws Income Tax Fri, 22 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272232