https://www.taxtmi.com/caselaws?id=330360 The High Court upheld the decision of the Income Tax Appellate Tribunal and dismissed the appeal. It affirmed that the Assessee had satisfactorily proven the legitimacy of transactions, including the source of deposits and the creditors' capacity, as determined by the Commissioner of Income Tax. The Court found no error in the Tribunal's decision regarding the treatment of interest on delayed TDS payments, concluding that no substantial legal question warranted further review. en-us Tue, 05 Jul 2016 00:00:00 +0530 Sat, 23 Jul 2016 20:25:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330360 The High Court upheld the decision of the Income Tax Appellate Tribunal and dismissed the appeal. It affirmed that the Assessee had satisfactorily proven the legitimacy of transactions, including the source of deposits and the creditors' capacity, as determined by the Commissioner of Income Tax. The Court found no error in the Tribunal's decision regarding the treatment of interest on delayed TDS payments, concluding that no substantial legal question warranted further review. Case-Laws Income Tax Tue, 05 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330360