https://www.taxtmi.com/caselaws?id=332238 The Tribunal allowed the appeal, overturning the additions of Rs. 16,00,000 and Rs. 5,49,000 made by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals). The Tribunal found that the assessee adequately explained the sources of the credits, emphasizing that the lower authorities' conclusions were factually and legally unsustainable. The decision was rendered on 02/08/2016. en-us Tue, 02 Aug 2016 00:00:00 +0530 Tue, 13 Sep 2016 11:26:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332238 The Tribunal allowed the appeal, overturning the additions of Rs. 16,00,000 and Rs. 5,49,000 made by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals). The Tribunal found that the assessee adequately explained the sources of the credits, emphasizing that the lower authorities' conclusions were factually and legally unsustainable. The decision was rendered on 02/08/2016. Case-Laws Income Tax Tue, 02 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332238