https://www.taxtmi.com/caselaws?id=328105 The Tribunal partially allowed the appeal, setting aside the issue of cash credits for reassessment by the AO. However, the rejection of books of account under Section 145(3) and the trading addition to declared results were upheld. The Tribunal emphasized the significance of proving creditworthiness and genuineness in loan transactions, stressing the importance of accurate record-keeping and compliance with tax laws. en-us Thu, 21 Apr 2016 00:00:00 +0530 Thu, 26 May 2016 08:18:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328105 The Tribunal partially allowed the appeal, setting aside the issue of cash credits for reassessment by the AO. However, the rejection of books of account under Section 145(3) and the trading addition to declared results were upheld. The Tribunal emphasized the significance of proving creditworthiness and genuineness in loan transactions, stressing the importance of accurate record-keeping and compliance with tax laws. Case-Laws Income Tax Thu, 21 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328105