https://www.taxtmi.com/caselaws?id=187067 The tribunal upheld the CIT(A)'s decision to sustain the addition of Rs. 2 lakhs as unexplained cash credit in the assessment year 2005-06. The appellant failed to sufficiently prove the creditworthiness and genuineness of the loan transaction, as required under section 68 of the Income-tax Act. The appeal was dismissed on 14.5.2010. en-us Fri, 14 May 2010 00:00:00 +0530 Fri, 07 Oct 2016 18:34:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187067 The tribunal upheld the CIT(A)'s decision to sustain the addition of Rs. 2 lakhs as unexplained cash credit in the assessment year 2005-06. The appellant failed to sufficiently prove the creditworthiness and genuineness of the loan transaction, as required under section 68 of the Income-tax Act. The appeal was dismissed on 14.5.2010. Case-Laws Income Tax Fri, 14 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187067