https://www.taxtmi.com/caselaws?id=333038 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal. The AO's addition of Rs. 3,50,00,000 based solely on the surrender during the survey was deemed unjustified. The Tribunal emphasized that statements under section 133A lack conclusive evidentiary value. The assessee successfully proved the genuineness of cash credits under section 68 with extensive evidence. The CIT(A) found the assessee had met the requirements, leading to the appeal's dismissal on 19.09.2016. en-us Mon, 19 Sep 2016 00:00:00 +0530 Mon, 29 Jun 2026 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333038 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal. The AO's addition of Rs. 3,50,00,000 based solely on the surrender during the survey was deemed unjustified. The Tribunal emphasized that statements under section 133A lack conclusive evidentiary value. The assessee successfully proved the genuineness of cash credits under section 68 with extensive evidence. The CIT(A) found the assessee had met the requirements, leading to the appeal's dismissal on 19.09.2016. Case-Laws Income Tax Mon, 19 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333038