https://www.taxtmi.com/caselaws?id=181165 The Tribunal allowed the revenue's appeal, setting aside the CIT(A)'s order and restoring the AO's addition of Rs. 9,51,257/- as unexplained cash credit u/s 68 of the IT Act. The Tribunal emphasized the need for concrete evidence to prove the creditworthiness of the donor and the genuineness of the gift, in line with the Supreme Court's judgment in CIT Vs. P. Mohankala & Others. en-us Thu, 23 Dec 2010 00:00:00 +0530 Fri, 08 Apr 2016 15:58:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181165 The Tribunal allowed the revenue's appeal, setting aside the CIT(A)'s order and restoring the AO's addition of Rs. 9,51,257/- as unexplained cash credit u/s 68 of the IT Act. The Tribunal emphasized the need for concrete evidence to prove the creditworthiness of the donor and the genuineness of the gift, in line with the Supreme Court's judgment in CIT Vs. P. Mohankala & Others. Case-Laws Income Tax Thu, 23 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181165