https://www.taxtmi.com/caselaws?id=385523 The Tribunal allowed the Revenue's appeal, remitting the matter back to the Assessing Officer for further verification as the assessee failed to establish the identity, creditworthiness, and genuineness of the unexplained cash credit under section 68 of the Income-tax Act, 1961. The Tribunal stressed the importance of meeting the statutory conditions and directed the assessee to produce the alleged creditor and other relevant individuals for verification. en-us Mon, 15 Jul 2019 00:00:00 +0530 Sat, 07 Sep 2019 06:54:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385523 The Tribunal allowed the Revenue's appeal, remitting the matter back to the Assessing Officer for further verification as the assessee failed to establish the identity, creditworthiness, and genuineness of the unexplained cash credit under section 68 of the Income-tax Act, 1961. The Tribunal stressed the importance of meeting the statutory conditions and directed the assessee to produce the alleged creditor and other relevant individuals for verification. Case-Laws Income Tax Mon, 15 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385523