https://www.taxtmi.com/caselaws?id=344211 The Tribunal upheld the order of the CIT(A) and dismissed the appeal filed by the assessee, as the assessee failed to prove the identity, creditworthiness, and genuineness of transactions under Section 68. Despite providing documents, inconsistencies and lack of substantial evidence were found, leading to the confirmation of the addition of income from undisclosed sources. The AO's efforts to investigate were hindered by parties not found at provided addresses, supporting the conclusion that the transactions were not genuine. en-us Wed, 31 May 2017 00:00:00 +0530 Mon, 12 Jun 2017 08:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344211 The Tribunal upheld the order of the CIT(A) and dismissed the appeal filed by the assessee, as the assessee failed to prove the identity, creditworthiness, and genuineness of transactions under Section 68. Despite providing documents, inconsistencies and lack of substantial evidence were found, leading to the confirmation of the addition of income from undisclosed sources. The AO's efforts to investigate were hindered by parties not found at provided addresses, supporting the conclusion that the transactions were not genuine. Case-Laws Income Tax Wed, 31 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344211