https://www.taxtmi.com/caselaws?id=190791 The Revenue's appeal against the CIT(A) order for the assessment year 2005-06, regarding the addition of unexplained cash credit under section 68, was dismissed by the ITAT. The CIT(A) decision to delete most additions except for 4 creditors was upheld, emphasizing the need for the assessee to prove creditor identity, creditworthiness, and transaction genuineness as per Section 68 of the Income Tax Act. The ITAT found the CIT(A)'s approach appropriate, leading to the dismissal of the appeal by Revenue. en-us Tue, 21 Apr 2015 00:00:00 +0530 Mon, 27 Feb 2017 20:24:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190791 The Revenue's appeal against the CIT(A) order for the assessment year 2005-06, regarding the addition of unexplained cash credit under section 68, was dismissed by the ITAT. The CIT(A) decision to delete most additions except for 4 creditors was upheld, emphasizing the need for the assessee to prove creditor identity, creditworthiness, and transaction genuineness as per Section 68 of the Income Tax Act. The ITAT found the CIT(A)'s approach appropriate, leading to the dismissal of the appeal by Revenue. Case-Laws Income Tax Tue, 21 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190791