https://www.taxtmi.com/caselaws?id=354383 The Tribunal dismissed all Revenue's appeals and upheld the CIT(A)'s orders, deleting additions under Section 68 for unexplained cash credits and applying net profit rate after rejecting books of accounts under Section 145. The Tribunal found the AO's reasons lacking specificity and evidence, emphasizing the absence of credible doubts on creditworthiness or genuineness. The CIT(A) highlighted the sufficiency of evidence provided by the assessee, leading to the dismissal of the appeals and cross objections as infructuous. en-us Fri, 19 Jan 2018 00:00:00 +0530 Thu, 25 Jan 2018 10:15:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354383 The Tribunal dismissed all Revenue's appeals and upheld the CIT(A)'s orders, deleting additions under Section 68 for unexplained cash credits and applying net profit rate after rejecting books of accounts under Section 145. The Tribunal found the AO's reasons lacking specificity and evidence, emphasizing the absence of credible doubts on creditworthiness or genuineness. The CIT(A) highlighted the sufficiency of evidence provided by the assessee, leading to the dismissal of the appeals and cross objections as infructuous. Case-Laws Income Tax Fri, 19 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354383