https://www.taxtmi.com/caselaws?id=353713 The Tribunal remanded the case back to the Assessing Officer for further verification regarding additions under section 68 of the Income Tax Act. The assessee was directed to provide necessary documentation to establish the genuineness and creditworthiness of creditors. The Tribunal emphasized the importance of substantiating creditors' financial capacity beyond mere confirmations and PAN details. The appeal was allowed for statistical purposes, with instructions not to disturb relief granted by the First Appellate Authority. The judgment was delivered on January 3, 2018. en-us Wed, 03 Jan 2018 00:00:00 +0530 Wed, 10 Jan 2018 09:00:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353713 The Tribunal remanded the case back to the Assessing Officer for further verification regarding additions under section 68 of the Income Tax Act. The assessee was directed to provide necessary documentation to establish the genuineness and creditworthiness of creditors. The Tribunal emphasized the importance of substantiating creditors' financial capacity beyond mere confirmations and PAN details. The appeal was allowed for statistical purposes, with instructions not to disturb relief granted by the First Appellate Authority. The judgment was delivered on January 3, 2018. Case-Laws Income Tax Wed, 03 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353713