https://www.taxtmi.com/caselaws?id=196908 The Tribunal partially allowed the assessee's appeals, deleting some additions and penalties while upholding others. The Tribunal found that the assessee had adequately proven the identity, creditworthiness, and genuineness of certain transactions, leading to the deletion of some additions. However, penalties were upheld for furnishing inaccurate particulars of income on certain amounts, with directions given to the Assessing Officer to re-compute the penalty accordingly. en-us Fri, 15 Jan 2016 00:00:00 +0530 Tue, 19 Dec 2017 10:06:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196908 The Tribunal partially allowed the assessee's appeals, deleting some additions and penalties while upholding others. The Tribunal found that the assessee had adequately proven the identity, creditworthiness, and genuineness of certain transactions, leading to the deletion of some additions. However, penalties were upheld for furnishing inaccurate particulars of income on certain amounts, with directions given to the Assessing Officer to re-compute the penalty accordingly. Case-Laws Income Tax Fri, 15 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196908