https://www.taxtmi.com/caselaws?id=195792 The High Court of Calcutta upheld the Tribunal's decision in a case concerning the deletion of an addition made by the Assessing Officer as an unexplained cash credit under Section 68 of the Income Tax Act, 1961 for the assessment years 2005-06 and 2006-07. The Court found that the transactions in question were genuine, conducted through a d-mat account following all relevant norms and regulations. With both the Tribunal and the Commissioner of Income Tax supporting the authenticity of the transactions, the High Court dismissed the appeal, emphasizing the previous dismissal of a similar appeal on identical grounds. en-us Wed, 05 Sep 2012 00:00:00 +0530 Tue, 13 Mar 2018 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195792 The High Court of Calcutta upheld the Tribunal's decision in a case concerning the deletion of an addition made by the Assessing Officer as an unexplained cash credit under Section 68 of the Income Tax Act, 1961 for the assessment years 2005-06 and 2006-07. The Court found that the transactions in question were genuine, conducted through a d-mat account following all relevant norms and regulations. With both the Tribunal and the Commissioner of Income Tax supporting the authenticity of the transactions, the High Court dismissed the appeal, emphasizing the previous dismissal of a similar appeal on identical grounds. Case-Laws Income Tax Wed, 05 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195792