https://www.taxtmi.com/caselaws?id=385270 The tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 2,08,45,000 made by the AO under section 68 of the Income Tax Act. The tribunal found that the assessee had proven the identity, genuineness, and creditworthiness of the lender, with no adverse material presented by the AO to support the addition. As a result, the revenue's appeal was dismissed. en-us Fri, 12 Jul 2019 00:00:00 +0530 Mon, 02 Sep 2019 08:11:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385270 The tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 2,08,45,000 made by the AO under section 68 of the Income Tax Act. The tribunal found that the assessee had proven the identity, genuineness, and creditworthiness of the lender, with no adverse material presented by the AO to support the addition. As a result, the revenue's appeal was dismissed. Case-Laws Income Tax Fri, 12 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385270