https://www.taxtmi.com/caselaws?id=374523 The Tribunal upheld the validity of the reassessment proceedings under section 147/148 and the addition of Rs. 15,00,000 under section 68 of the Income Tax Act. The appellant's challenges regarding lack of material evidence and non-recording of satisfaction were dismissed. The Tribunal found that the appellant failed to prove the genuineness of the cash credits and the creditworthiness of the creditors. Consequently, the appeal was dismissed for lack of merit. en-us Mon, 29 Oct 2018 00:00:00 +0530 Mon, 04 Feb 2019 07:04:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374523 The Tribunal upheld the validity of the reassessment proceedings under section 147/148 and the addition of Rs. 15,00,000 under section 68 of the Income Tax Act. The appellant's challenges regarding lack of material evidence and non-recording of satisfaction were dismissed. The Tribunal found that the appellant failed to prove the genuineness of the cash credits and the creditworthiness of the creditors. Consequently, the appeal was dismissed for lack of merit. Case-Laws Income Tax Mon, 29 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374523