https://www.taxtmi.com/caselaws?id=284147 The Tribunal upheld the CIT (A)'s decision to delete the addition under Section 68 of the Income Tax Act, finding that the Assessee had sufficiently proven the identity, genuineness of the transaction, and creditworthiness of the lenders. The High Court affirmed this decision, stating that no question of law arose as both lower authorities had reached reasonable conclusions based on the evidence presented. en-us Fri, 07 Jun 2019 00:00:00 +0530 Sun, 03 Nov 2019 18:56:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284147 The Tribunal upheld the CIT (A)'s decision to delete the addition under Section 68 of the Income Tax Act, finding that the Assessee had sufficiently proven the identity, genuineness of the transaction, and creditworthiness of the lenders. The High Court affirmed this decision, stating that no question of law arose as both lower authorities had reached reasonable conclusions based on the evidence presented. Case-Laws Income Tax Fri, 07 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284147