https://www.taxtmi.com/caselaws?id=193386 The ITAT Agra Bench upheld the CIT(A) order, dismissing the Revenue's appeal regarding the addition of cash credit u/s 68 and the determination of income from contract business. The addition on account of cash credit was found to be invested by the members of AOP with evidence of the sources of investment. The Revenue's concerns about the assessee's income calculation were also dismissed based on previous favorable ITAT decisions for different assessment years. The appeal was pronounced dismissed on 04.02.2011. en-us Fri, 04 Feb 2011 00:00:00 +0530 Wed, 26 Jul 2017 17:57:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193386 The ITAT Agra Bench upheld the CIT(A) order, dismissing the Revenue's appeal regarding the addition of cash credit u/s 68 and the determination of income from contract business. The addition on account of cash credit was found to be invested by the members of AOP with evidence of the sources of investment. The Revenue's concerns about the assessee's income calculation were also dismissed based on previous favorable ITAT decisions for different assessment years. The appeal was pronounced dismissed on 04.02.2011. Case-Laws Income Tax Fri, 04 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193386