https://www.taxtmi.com/caselaws?id=282658 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 41 lakhs as unexplained cash credit under Section 68 of the Income Tax Act. The Tribunal found that the assessee had sufficiently proven the identity and creditworthiness of the creditor, BMPL, and the transactions were genuine. The Revenue's appeal was dismissed on 17.10.2017. en-us Tue, 17 Oct 2017 00:00:00 +0530 Sun, 18 Aug 2019 08:32:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282658 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 41 lakhs as unexplained cash credit under Section 68 of the Income Tax Act. The Tribunal found that the assessee had sufficiently proven the identity and creditworthiness of the creditor, BMPL, and the transactions were genuine. The Revenue's appeal was dismissed on 17.10.2017. Case-Laws Income Tax Tue, 17 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282658