https://www.taxtmi.com/caselaws?id=331527 The Court dismissed the Revenue's appeal against the ITAT's order for AY 2007-08, upholding the CIT(A) and ITAT's findings. The Assessee adequately explained the identity, genuineness, and creditworthiness of creditors, leading to the deletion of additions under Sections 68 and 69 of the IT Act. The Court found no flaws in the concurrent factual findings and rejected the Revenue's arguments, resulting in the appeal's dismissal. en-us Fri, 29 Jul 2016 00:00:00 +0530 Fri, 26 Aug 2016 13:27:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331527 The Court dismissed the Revenue's appeal against the ITAT's order for AY 2007-08, upholding the CIT(A) and ITAT's findings. The Assessee adequately explained the identity, genuineness, and creditworthiness of creditors, leading to the deletion of additions under Sections 68 and 69 of the IT Act. The Court found no flaws in the concurrent factual findings and rejected the Revenue's arguments, resulting in the appeal's dismissal. Case-Laws Income Tax Fri, 29 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331527