https://www.taxtmi.com/caselaws?id=347359 The Tribunal allowed the appeals for both assessment years, setting aside the lower authorities' orders and deleting the additions made under section 68 of the Income Tax Act. The issue of reopening the assessment was considered academic and not further adjudicated. The Tribunal found that the assessee had provided sufficient evidence to prove the identity, creditworthiness, and genuineness of the transactions, and the addition under section 68 was deemed unjustified. en-us Tue, 29 Aug 2017 00:00:00 +0530 Sat, 02 Sep 2017 11:19:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347359 The Tribunal allowed the appeals for both assessment years, setting aside the lower authorities' orders and deleting the additions made under section 68 of the Income Tax Act. The issue of reopening the assessment was considered academic and not further adjudicated. The Tribunal found that the assessee had provided sufficient evidence to prove the identity, creditworthiness, and genuineness of the transactions, and the addition under section 68 was deemed unjustified. Case-Laws Income Tax Tue, 29 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347359