https://www.taxtmi.com/caselaws?id=339307 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 700 crores as unexplained cash credit under Section 68. It found that the identity of the investor, nature of the transaction, and source of funds were satisfactorily explained through various documents. The Tribunal also determined that issues raised concerning the corporate veil, non-submission of key documents, subsidiary relationship, valuation of CCPS, and monitoring of loan terms were either irrelevant or adequately addressed. en-us Fri, 03 Feb 2017 00:00:00 +0530 Fri, 24 Feb 2017 12:09:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339307 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 700 crores as unexplained cash credit under Section 68. It found that the identity of the investor, nature of the transaction, and source of funds were satisfactorily explained through various documents. The Tribunal also determined that issues raised concerning the corporate veil, non-submission of key documents, subsidiary relationship, valuation of CCPS, and monitoring of loan terms were either irrelevant or adequately addressed. Case-Laws Income Tax Fri, 03 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339307