https://www.taxtmi.com/caselaws?id=376668 The Tribunal upheld the CIT(A)'s decisions, dismissing the revenue's appeal. The deletion of the addition on account of unexplained cash credit under Section 68 of the IT Act and the disallowance of interest under Section 36(1)(iii) were justified. The Tribunal emphasized the importance of proving identity, creditworthiness, and genuineness of transactions and the sufficiency of own funds to cover interest-free advances. The revenue's appeal was dismissed with no order as to cost. en-us Thu, 28 Feb 2019 00:00:00 +0530 Thu, 14 Mar 2019 09:23:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376668 The Tribunal upheld the CIT(A)'s decisions, dismissing the revenue's appeal. The deletion of the addition on account of unexplained cash credit under Section 68 of the IT Act and the disallowance of interest under Section 36(1)(iii) were justified. The Tribunal emphasized the importance of proving identity, creditworthiness, and genuineness of transactions and the sufficiency of own funds to cover interest-free advances. The revenue's appeal was dismissed with no order as to cost. Case-Laws Income Tax Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376668