https://www.taxtmi.com/caselaws?id=373721 The court upheld the addition under Section 68 of the Income Tax Act, dismissing the appeal as the explanations provided by the assessee were deemed unsatisfactory. The court found that the assessee failed to adequately substantiate the transactions and the creditworthiness of the involved parties, leading to the denial of the assessee's claims. The Tribunal's decision was supported by the court, concluding that there were no substantial legal questions raised in the appeal. en-us Mon, 20 Aug 2018 00:00:00 +0530 Fri, 18 Jan 2019 08:12:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373721 The court upheld the addition under Section 68 of the Income Tax Act, dismissing the appeal as the explanations provided by the assessee were deemed unsatisfactory. The court found that the assessee failed to adequately substantiate the transactions and the creditworthiness of the involved parties, leading to the denial of the assessee's claims. The Tribunal's decision was supported by the court, concluding that there were no substantial legal questions raised in the appeal. Case-Laws Income Tax Mon, 20 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373721