https://www.taxtmi.com/caselaws?id=386950 The Tribunal upheld the CIT(A)'s decision to delete the addition of unexplained cash credits under Section 68 of the Income Tax Act. It was found that the identity of the creditor, nature of the transaction, and source of funds were established, meeting the requirements. The Tribunal dismissed the Revenue's appeal, confirming the CIT(A)'s order and emphasizing that the issues raised were adequately addressed. en-us Fri, 30 Aug 2019 00:00:00 +0530 Sun, 13 Oct 2019 10:57:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386950 The Tribunal upheld the CIT(A)'s decision to delete the addition of unexplained cash credits under Section 68 of the Income Tax Act. It was found that the identity of the creditor, nature of the transaction, and source of funds were established, meeting the requirements. The Tribunal dismissed the Revenue's appeal, confirming the CIT(A)'s order and emphasizing that the issues raised were adequately addressed. Case-Laws Income Tax Fri, 30 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386950