https://www.taxtmi.com/caselaws?id=18016 The HC upheld the Tribunal's finding that certain cash-credit entries in the assessee's books were genuine and not bogus. The Tribunal, on evidence including creditor confirmations, bank cheques showing advances and repayments, returns filed by creditors post-search, and creditor testimony before the Commissioner, deleted additions made by the tax authority. The HC held no substantial question of law arose, observing the Tribunal's factual conclusions were supported by the record and that mere suspicion did not justify treating the credits as fictitious. en-us Tue, 05 Nov 1996 00:00:00 +0530 Tue, 14 Oct 2025 18:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18016 The HC upheld the Tribunal's finding that certain cash-credit entries in the assessee's books were genuine and not bogus. The Tribunal, on evidence including creditor confirmations, bank cheques showing advances and repayments, returns filed by creditors post-search, and creditor testimony before the Commissioner, deleted additions made by the tax authority. The HC held no substantial question of law arose, observing the Tribunal's factual conclusions were supported by the record and that mere suspicion did not justify treating the credits as fictitious. Case-Laws Income Tax Tue, 05 Nov 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18016