https://www.taxtmi.com/caselaws?id=328578 The Tribunal dismissed the assessee's appeal for A.Y. 2007-08, upholding the CIT(A)'s order confirming the addition of Rs. 14,31,647/- as unexplained cash credits under section 68 of the Income Tax Act, 1961. The Tribunal found that the assessee failed to provide substantial evidence to support the identity, creditworthiness, and genuineness of the transactions, leading to the rejection of all grounds of appeal. en-us Fri, 03 Jun 2016 00:00:00 +0530 Wed, 08 Jun 2016 19:47:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328578 The Tribunal dismissed the assessee's appeal for A.Y. 2007-08, upholding the CIT(A)'s order confirming the addition of Rs. 14,31,647/- as unexplained cash credits under section 68 of the Income Tax Act, 1961. The Tribunal found that the assessee failed to provide substantial evidence to support the identity, creditworthiness, and genuineness of the transactions, leading to the rejection of all grounds of appeal. Case-Laws Income Tax Fri, 03 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328578