https://www.taxtmi.com/caselaws?id=325321 The Tribunal ruled in favor of the assessee, holding that the addition under Section 68 was unjustified as the assessee had adequately demonstrated the creditworthiness and genuineness of the transaction. The Tribunal emphasized the importance of assessing all evidence presented by the assessee and conducting necessary inquiries before making additions under Section 68 of the Income-tax Act. en-us Tue, 09 Feb 2016 00:00:00 +0530 Wed, 16 Mar 2016 10:19:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325321 The Tribunal ruled in favor of the assessee, holding that the addition under Section 68 was unjustified as the assessee had adequately demonstrated the creditworthiness and genuineness of the transaction. The Tribunal emphasized the importance of assessing all evidence presented by the assessee and conducting necessary inquiries before making additions under Section 68 of the Income-tax Act. Case-Laws Income Tax Tue, 09 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325321