https://www.taxtmi.com/caselaws?id=387217 The ITAT allowed the assessee's appeal regarding the addition of Rs. 54,00,000 under Section 68 of the Income Tax Act, as the genuineness and creditworthiness of the creditors were established. The addition of Rs. 9,34,394 on account of closing stock was upheld. The deletion of Rs. 46,54,068 for land development cost was confirmed. The assessee's appeal was partly allowed, and the revenue's appeal was dismissed. en-us Mon, 28 Jan 2019 00:00:00 +0530 Sat, 19 Oct 2019 13:04:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387217 The ITAT allowed the assessee's appeal regarding the addition of Rs. 54,00,000 under Section 68 of the Income Tax Act, as the genuineness and creditworthiness of the creditors were established. The addition of Rs. 9,34,394 on account of closing stock was upheld. The deletion of Rs. 46,54,068 for land development cost was confirmed. The assessee's appeal was partly allowed, and the revenue's appeal was dismissed. Case-Laws Income Tax Mon, 28 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387217