https://www.taxtmi.com/caselaws?id=334307 The Tribunal found in favor of the assessee, ruling that the addition made by the Assessing Officer under Section 68 of the Income Tax Act was unjustified. The Tribunal determined that the assessee had adequately proven the genuineness and creditworthiness of the loan transactions, while the AO failed to establish a link between the assessee and the alleged dubious entities. As a result, the Tribunal ordered the deletion of the addition, allowing the appeal of the assessee. en-us Wed, 28 Sep 2016 00:00:00 +0530 Wed, 09 Nov 2016 15:11:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334307 The Tribunal found in favor of the assessee, ruling that the addition made by the Assessing Officer under Section 68 of the Income Tax Act was unjustified. The Tribunal determined that the assessee had adequately proven the genuineness and creditworthiness of the loan transactions, while the AO failed to establish a link between the assessee and the alleged dubious entities. As a result, the Tribunal ordered the deletion of the addition, allowing the appeal of the assessee. Case-Laws Income Tax Wed, 28 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334307