https://www.taxtmi.com/caselaws?id=329936 The ITAT Mumbai dismissed both appeals filed by the revenue and the assessee. The CIT(A) decision to delete the addition of Rs. 15,00,000 under Section 68 was upheld due to the established source of credit. However, the addition of Rs. 5,00,000 was confirmed as unexplained cash credits, supported by the lack of satisfactory explanations from the assessee. en-us Tue, 05 Jul 2016 00:00:00 +0530 Wed, 13 Jul 2016 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329936 The ITAT Mumbai dismissed both appeals filed by the revenue and the assessee. The CIT(A) decision to delete the addition of Rs. 15,00,000 under Section 68 was upheld due to the established source of credit. However, the addition of Rs. 5,00,000 was confirmed as unexplained cash credits, supported by the lack of satisfactory explanations from the assessee. Case-Laws Income Tax Tue, 05 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329936