https://www.taxtmi.com/caselaws?id=19529 The High Court of Orissa considered a case involving cash credits in the books of an assessee for the assessment year 1983-84 under section 68 of the Income-tax Act, 1961. The Tribunal found the transactions genuine, directing the deletion of the added income. The High Court upheld the Tribunal's decision, stating it was based on relevant evidence and materials, in line with Supreme Court principles on interference with Tribunal findings. The Court ruled in favor of the assessee, affirming the genuineness of the transactions and the deletion of the sum from the assessee's income. en-us Fri, 11 Nov 1994 00:00:00 +0530 Fri, 06 Nov 2009 17:28:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19529 The High Court of Orissa considered a case involving cash credits in the books of an assessee for the assessment year 1983-84 under section 68 of the Income-tax Act, 1961. The Tribunal found the transactions genuine, directing the deletion of the added income. The High Court upheld the Tribunal's decision, stating it was based on relevant evidence and materials, in line with Supreme Court principles on interference with Tribunal findings. The Court ruled in favor of the assessee, affirming the genuineness of the transactions and the deletion of the sum from the assessee's income. Case-Laws Income Tax Fri, 11 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19529