https://www.taxtmi.com/caselaws?id=377223 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision to delete the addition of Rs. 95,00,000/- under section 68 of the I.T. Act, 1961. The assessee proved the identity and capacity of the creditors, transactions were through banking channels with TDS deductions, and creditors were assessed to Income Tax. The Tribunal found no illegality and allowed the assessee's appeal, ruling on 29th January 2019. en-us Tue, 29 Jan 2019 00:00:00 +0530 Tue, 26 Mar 2019 06:39:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377223 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision to delete the addition of Rs. 95,00,000/- under section 68 of the I.T. Act, 1961. The assessee proved the identity and capacity of the creditors, transactions were through banking channels with TDS deductions, and creditors were assessed to Income Tax. The Tribunal found no illegality and allowed the assessee's appeal, ruling on 29th January 2019. Case-Laws Income Tax Tue, 29 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377223