https://www.taxtmi.com/caselaws?id=328023 The ITAT allowed all six assessees' appeals, deleting the additions of unexplained cash credits of Rs. 7 lacs each under section 68 for the assessment year 2008-09. The ITAT held that the assessees had proven the repayment of loans to creditors, rejecting the Revenue's arguments. The judgment was pronounced on 15-04-2016 by the ITAT bench comprising Shri Pramod Kumar, Accountant Member, and Shri S. S. Godara, Judicial Member. en-us Fri, 15 Apr 2016 00:00:00 +0530 Wed, 25 May 2016 08:24:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328023 The ITAT allowed all six assessees' appeals, deleting the additions of unexplained cash credits of Rs. 7 lacs each under section 68 for the assessment year 2008-09. The ITAT held that the assessees had proven the repayment of loans to creditors, rejecting the Revenue's arguments. The judgment was pronounced on 15-04-2016 by the ITAT bench comprising Shri Pramod Kumar, Accountant Member, and Shri S. S. Godara, Judicial Member. Case-Laws Income Tax Fri, 15 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328023