https://www.taxtmi.com/caselaws?id=332141 The Tribunal upheld the addition of Rs. 4,99,600 as unexplained cash credit under Section 68 of the Income Tax Act, 1961. The assessee failed to prove the creditworthiness of the loan creditors despite submitting necessary documents, and the Tribunal agreed with the CIT(A)'s findings that raised doubts about the genuineness of the transactions. The appeal was dismissed on 18th July 2016. en-us Mon, 18 Jul 2016 00:00:00 +0530 Sun, 11 Sep 2016 14:40:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332141 The Tribunal upheld the addition of Rs. 4,99,600 as unexplained cash credit under Section 68 of the Income Tax Act, 1961. The assessee failed to prove the creditworthiness of the loan creditors despite submitting necessary documents, and the Tribunal agreed with the CIT(A)'s findings that raised doubts about the genuineness of the transactions. The appeal was dismissed on 18th July 2016. Case-Laws Income Tax Mon, 18 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332141